Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
October 24, 2011

Astra Resources to develop Nigerian thermal coal license

Astra Resources has signed a memorandum of understanding (MoU) for a joint venture development of a thermal coal exploration license in Nigeria.

Astra Resources has signed a memorandum of understanding (MoU) for a joint venture development of a thermal coal exploration license in Nigeria.

Under the MoU, Astra Resources’ subsidiary Muyiwa will acquire the majority ownership of African firm Barjalex Nig.

Barjalex Nig owns a coal exploration license covering the Manejo and Odele communities in the Ika District of Ankpa Local Government, in Kogi State.

The exploration license, which covers an area of four square kilometres, is expected to be expanded to 12km2.

According to studies, the coal seam thickness ranges from 1.1m to 3.2m, with the main coal seam covering about 300m.

Astra Resources managing director Silvana De Cianni said the site can be initially developed using surface mining technologies and the coal will be exploited using highly productive longwall methods.

Content from our partners
Digitalisation and its impact on the mining industry
Case study: how to save time, cost, and mining interaction for service and dewatering bores
Innovations in mining and the future of the industry

 

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU