Zanaga Iron Ore says Stage One development cost of Zanaga iron ore project in line with previous estimates
The Zanaga project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer
Company
LON:ZIOC
Zanaga Iron Ore Company is a high-grade iron ore exploration and development company focused on unlocking the potential of the Zanaga Project, a world class iron ore deposit located in the Republic of Congo. The company now holds 100% ownership of the project, providing full strategic flexibility as the company advances its development plans, with the backing of a notable shareholder base of industry experts.
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The Zanaga project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer
Archive
A huge undeveloped iron ore project in the Republic of Congo could be about to come to life
Problems with supply in Brazil and the trade dispute between the US and China have sent the price of the metal shooting up
Non-executive chairman Clifford Elphick said iron ire prices had been resilient and premiums for “high quality iron ore products” had been maintained despite the coronavirus pandemic
“This transaction enables ZIOC to secure capital in the future as the project progresses and further milestones are achieved."
The company said the study indicated the potential for a US$184mln reduction to total capital costs of its 12Mtpa stage one project to around US$2bn from US$2.2bn
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“COIDIC is undertaking a transformational initiative by developing the Pointe Noire Special Economic Zone, which has the potential to provide critical infrastructure to the Republic of Congo."
The iron ore price is hitting multi-year highs
A look at the biggest risers and fallers of London's small caps
To say 2017 has already been volatile for InfraStrata investors would be an understatement
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Small cap miners were in favour today, despite the fall in metals prices and in oil, but the general market trend was lower.
Don’t tell Goldman Sachs, but, mining stocks were the top performers in the small cap market so far today.
Kolar Gold and Zanaga don't know why their share prices are going up, meanwhile, for Tuesday's biggest AIM faller Messaging International it was all too clear ...
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Proactive news summary, including Metal Tiger, Zanaga, Stanley Gibbons and Sirius Minerals
Zanaga's shares drop on final results in a market spooked by negative sentiment towards iron ore. But the company still insists the project is robust