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Kogi Iron Ltd

Kogi Iron appoints director Greg Boulton as chairman of new audit and governance committee

The committee was created to improve corporate governance standards.

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The company plans to supply the local Nigerian market with cast steel products from its Agbaja project

Kogi Iron Ltd (ASX:KFE) has appointed non-executive director Greg Boulton to the role of chairman of the board’s audit & governance committee.

The creation of the new committee is in line with the company’s objective of continually improving its corporate governance standards.

 

As a recently elected independent director, Boulton has strong audit and governance skills and is well-suited to provide appropriate oversight in those areas.

The committee’s role will be to assist the board on issues relevant to:

  • Integrity of the company’s financial reporting and compliance;

  • Oversight of material business risks, including review and approval of the company’s risk management and oversight policies; and

  • Oversight of all governance-related matters.

READ: Kogi Iron tests prove quality of local coal to supply Nigerian cast steel project

Kogi aims to become a producer of cast steel products by developing its 100%-owned Agbaja project in the Kogi State within the Republic of Nigeria.

The company recently completed test work to prove the viability of producing a suitable metallised product using Nigerian domestic coal sources.

The testing was undertaken by specialist coal consultant Torex and both coal sources used in the program have the capacity to supply 100% of Agbaja’s needs and are within 70 kilometres of the project.

Quick facts: Kogi Iron Ltd

Price: $0.06

Market: ASX
Market Cap: $41.74 m
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