GIHL acquires license to run iron ore mines
Global Infrastructure Holdings Ltd (GIHL) acquired a license to control
Nigeria Iron Ore Mining Company's (NIOMCO) Itakpe and Ajaybanko
iron ore mines, which will supply
iron ore to GIHL's
Nigeria-based steel producer Ajaokuta Steel Company.
NIOMCO
iron ore mines reportedly contain reserves of 300 million tons.
The license will ensure a stable supply of
iron ore for Ajaokuta Steel.