Monrovia, Liberia, May 1 -- The Government of Liberia has granted its explicit consent for the Change of Control of the long-delayed Putu Iron Ore Project, clearing the way for Planet One Natural Resources Holdings PTE. Ltd. to assume ownership of one of the country's most significant untapped mineral assets, according to official correspondence from the Ministry of Mines and Energy.

"The Government of Liberia hereby grants its explicit consent to the proposed Change of Control of Putu Iron Ore Mining, Inc. to Planet One," Acting Minister of Mines and Energy Eudora Blay-Archibald wrote in a formal communication to Vadim Akopov, Head of Corporate Development at JSC Severstal.

The letter further stated that: "This consent is issued in acc...