UNDERGROUND

Congolese mining minister supports Kore Potash project

Last year, relations between the two digressed when two of Kore's executive team were detained

 Kore noted that the newfound support follows increased dialogue between the company and ministry. Photo: Kore Potash

Kore noted that the newfound support follows increased dialogue between the company and ministry. Photo: Kore Potash

In a letter, the Minister of Mines pledged his support for the development of Kore's Kola potash project in the country's Sintoukola Basin. The Minister also reaffirmed the validity of Kore's mining tenement titles and the Mining Convention, which serves as an operating agreement between the company and the government.

"We are pleased that the Government of the Republic of Congo appreciates the timeframe and the scale of international investment required to develop a potash industry and that it is expressing its support publicly," said David Hathorn, chairman at Kore Potash.

He continued: "The Kola deposit, in particular, is a globally important potash resource that needs to be developed to play its role in feeding the world's population. Its successful development will have a material contribution towards the sustained development of the Republic of Congo."

Kore noted that the newfound support follows increased dialogue between the company and ministry.

Last year, relations between the parites digressed when two of Kore's executive team were detained in the Republic of Congo. At the time, the mining minister cited his "discontent" with the project's progress.

In its defence, Kore cited financing challenges and issues related to pandemic lockdowns as reasons for the miscommunication and altered development schedule.

In an effort to better inform the ministry, Kore committed to regular meetings and project planning updates.

In the recent letter, the minister confirmed the ministry's "steadfast support, in the form of a moral guarantee, to assist in addressing the remaining challenges to completing the financing of Kola," the statement read.

Kore anticipates the completion of the mine design work will occur during the December quarter.

 

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