Kogi Iron receives funding for Nigerian project

ASX-listed Kogi Iron has received $1-billion in  funding from European funds management company Torridon Investments Research to develop its Agbaja cast steel project, in Nigeria. Torridon released an investment research report on June 10, signalling that it considers the Kogi project to be a four-star investment-grade project with a positive outlook, and recommends that investors buy into the project.