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Funding Companies For Iron Ore Mining

Detailed investigation established the reserves to be about 200 million tonnes with an approximate iron (Fe) grade of 36 Decree No 60 of 19th September 1979 dissolved the NSDA and established six companies one of which was Associated Ores Mining Company (AOMC) AOMC was later renamed National Iron Ore Mining Company (NIOMCO) in February 1987.

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