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Kogi Iron Ltd

Kogi Iron looks set to shake up the Nigerian steel market

Martin Wood, chief executive of Kogi Iron Ltd (ASX:KFE) introduces the company to Proactive's Andrew Scott and runs through their plans to become the first primary steel producer in Nigeria.

Kogi plans to build an integrated cast steel plant in the neighbourhood of its Agbaja iron ore deposit in south central Nigeria, owned directly through the company’s subsidiary KCM Nigeria.

Recent testwork undertaken by mining and metallurgical consultant Tenova has confirmed that the Agbaja ore is amenable to the production of a beneficiated iron ore concentrate suitable for the production of pig iron, as well as a refined metal suitable for the production of billet.

Quick facts: Kogi Iron Ltd

Price: $0.05

Market: ASX
Market Cap: $32.46 m
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Kogi Iron confident of Nigerian steel potential

Kogi Iron (ASX: KFE) managing director Martin Wood tells Proactive the company has proved it can process iron ore into steel, and is confident in its community agreements with Nigerian authorities and communities. Wood also says Nigeria's nascent middle class will drive a strong demand...

on 29/10/18

2 min read