Kore Potash plc (AIM: KP2 | ASX: KP2 | JSE: KP2), the potash development company with 97% ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located in the Republic of Congo, has received a further letter of support from the Ministry of Mines of the Republic of Congo in relation to the company’s development of the Kola Potash Project following recent discussions with the Ministry.
Mr David Hathorn the Chairman of Kore Potash plc said: “The successful development of globally important potash projects such as Kola requires sustained support from all stakeholders. We are pleased that the Government of the Republic of Congo appreciate the timeframe and the scale of international investment required to develop a potash industry and that it is expressing its support publicly.”
Highlights of the letter include the Minister of Mines’ pledge of further support for Kore Potash to continue to develop Kola and Dougou, with ongoing title to Mining tenements re-confirmed. The letter also provides confirmation that the Mining Convention remains in effect, and the Minister encourages Kore’s shareholders to support Kore Potash in its development endeavours.
“The Kola deposit 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.” Hathorn added.
To read more about Kore Potash, please visit www.korepotash.com
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