Navakun seeking iron ore license in Thailand

June 5, 2008

June 5th (Steel Guru) – It is reported that Navakun Mining Co Ltd is seeking any possibility to get the exploration license for iron ore in Thailand. Currently, they are waiting the approval from the Department of Primary Industries and Mines and the minister.

Navakun is a 100%owned subsidiary of Oxiana Limited, an Australia based company mainly operates gold and copper mining. The company hopes to get the license to explore iron ore at Rayong in Chon Buri of Chachoengsao and Chanthaburi provinces.

Navakun Mining said that “At this stage, we do not know if there is any iron ore in the exploration sites. However, if we find what we want, we will seek the mining license.”

Navakun Mining expects that if the exploration was a success, then they will mainly supply the local market and China market.

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