If KFE cannot demonstrate a solid strategic business plan (which is does not have) to begin mining then the Nigerian Minister of Mining has no alternative but to revoke KFE licences and give them to someone who can. Say Dangote Group. Yes the Nigerian Government wants to create jobs and internal use of iron ore and exports. Who is going to give a bunch of money to KFE shareholders when they can get it for nothing? All they have to do is put a plan to Nigerian Government and demonstrate they can do it. What part don't you get?
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Re: Licences to mine not forever
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