Zanaga Iron Ore: Edison
Metals and mining – LSE – M cap $70m – Price 8.04p – Non client QV
ZANAGA IRON ORE
Approaching stage two of project development
is an exploration and development company focused on iron ore, with its flagship asset being the 100%-owned Zanaga Iron Ore Project in the Republic of the Congo. This project is designed to advance in stages, reducing capital costs, lowering execution risk and maximising capital returns. The first stage consists of a 12Mtpa operation, with a second stage expanding production by an additional 18Mtpa, culminating in a total output of 30Mtpa of high-quality iron ore pellet feed over a 30-year lifespan. Both stages employ a single slurry pipeline for low-cost transportation to the port. The Glencore holding of 43% in ZIOC has just been replaced by a 52% ownership via multiple iron ore related strategic partners, a major coup for ZIOC.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.