Congo Republic signs deal on revoked iron ore licenses with Sangha Mining
BRAZZAVILLE – Congo Republic on Saturday has signed two mining conventions with Congo's Sangha Mining to exploit iron-ore on licenses the government withdrew last year from Australian miners Sundance and Equatorial Resources, and Nevis-registered Avima. The government of Congo revoked the licenses on Avima; Badondo, operated by Equatorial Resources, and Nabeba, owned by Sundance last year, saying the companies had failed to meet their obligations to develop their high-grade iron-ore concessions. The companies deny this.
