Iron ore will be exported from the Republic of Congo by 2023 under the ambitious plans of the company that has taken over tenements that were stripped from small Australian companies in December.
Australia’s Sundance Resources and Equatorial Resources both lost their tenure over iron ore deposits in Congo in December, only to discover both leases were subsequently awarded to little-known Sangha Mining.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com