Exxaro’s Congo Iron Project on Schedule

South Africa-based Exxaro’s (OTCMKTS:EXXAY) plans to develop an iron ore mine in Congo (Brazzaville) and a coking coal project in Queensland, Australia are progressing on schedule, Steel Guru reports via Argus.

As quoted in the market news:

Congo granted Exxaro an exploitation permit for the Mayoko Lekoumou iron ore project earlier this month. The mining firm and the government are now in negotiations to finalize a mining convention, which will include rail and port agreements.

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