Zanaga Iron Ore Share Discussion Threads

[tidy 2] 04/12/2017 01:28

Iron Ore spot price currently $70.43. Consistently going up from the $50 bounce. Zanaga today would fetch $95 per tonne. Mine Construction starts in Jan 2018 !

[sidjameslaugh] 03/12/2017 22:03

Is that the same Goldman Sachs that needed bailing out to the tune of 10 billion dollars for having little understanding of what they were talking about.

[topazfrenzy] 03/12/2017 21:42

Iron ore will go back to $50, says Goldman Sachs

'Goldman Sachs analysts expect iron ore prices to decline to $50 a tonne in 2018, as global supply increases due to Vale’s (NYSE:VALE) strategy to ramp up production at its giant S11D mine in Brazil, while China’s demand for the raw material for steelmaking declines.'



No deal for years here by the sounds of it, stop deluding yourselves.

[sidjameslaugh] 03/12/2017 19:19

Evening numb nuts. You are sounding a bit like Antboy. Hmm. Same bedsit. Same keyboard. Moving on.

[aja5] 03/12/2017 17:12

It is quite comical how the shorting gang think that glencore a world player in mining and have spent over $300 million to get this far are going to just let the resource just sit there in the ground!!!
They are also going to ignore the duty they have to their own shareholders..........on top of that they won’t bother putting it on their own balance sheet to sure it up and show the progress the company has made to justify directors bonuses

[tidy 2] 03/12/2017 14:43

China has signed a contract and agreed to pay and construct a port to the specifications required for Zanaga mine transportation. Zanaga looks forward to giving "Updates" towards the end of this year regarding financing and .....The deposit will be mined using a conventional truck and shovel method."The processed iron ore will be linked to the proposed port site 9km north of Pointe Noire by rail infrastructure, which will be developed for the project. The proposed infrastructure will extend approximately 350km and have a capacity of 51 million wet tons. Eight trains with 136 wagons, hauled by four 4,300hp diesel locomotives, are expected to travel along the route every day. The proposed port will have capacity for 45Mt of dry export ore a year.

[tidy 2] 03/12/2017 13:00

Thanks to Tomshare on LSE for posting all his research. Thanks for posting MM

[kirk 6] 03/12/2017 12:07

Wow really think there will be a recommended cash offer in the next few weeks.

[divmad] 03/12/2017 10:21

I mean good post

[divmad] 03/12/2017 09:48

Good e mail, monkeymonkey.

So it will all come down to how good our BOD and its advisers are in negotiating the best terms for exit. Nothing else matters. Everything else is outside of ZIOC's control.

[maytrees] 03/12/2017 09:34

Interesting email monkeymonkey

And txs

[monkeymonkey] 03/12/2017 08:22

First of all, construction of the New Port Project has NOT already started. The business agreement was signed last year for CRBC to do this work.

Now lets go through the New Port Project.

We all know the New Port Project is SOLELY INTENDED FOR THE ZANAGA IRON ORE PROJECT.

As Degsy quite rightly pointed out to yesterday with the new port having a capacity of Zanaga's 'at max' iron ore for export.

More importantly from the Feasibility Study in 2014 it mentions the new port:

“to be constructed 9km NORTH of the existing port of Pointe-Noire. The capital cost is estimated at $2.2 billion including contingency."

CRBC who are doing the construction of a port state:

"project is located at about 8km NORTH of the Pointe Noire Old Port”

This is port which will be constructed by CRBC is OURS.

We know before we have already "initiated a search process for a strategic partner, which is expected to enhance the project’s value through a commercial off-take agreement and access to the CONSTRUCTION EXPERTISE AND FINANCING."

This would have been the Chinese then and obviously is still now.

What next for the New Port development?

Financing is required. We are paying for this port and we need financing.

So how is financing progressing for the New Port Development?

Well now things get very interesting indeed.



Ok so what do we have here?

"On July 31 2017, CRBC Chairman Lu Shan met with the delegation led by Jean-Jacques BOUYA- Minister of the Ministry of Large Industrial and Territorial Management who visited China in Grand Hyatt Beijing"

Importantly Bouya and Lu Shan met again. (They met when CRBC signed the agreement last year for the Pointe Noire New Port Development)

"He (Bouya) noted that Congo-Brazzaville is willing to proactively cooperate with CRBC to complete the project financing within the shortest possible time, and expressed the intention to cooperate with CRBC in the field of investment."

COMPLETE FINANCING FOR THE PORT NOIRE PROJECT WITHIN SHORTEST POSSIBLE TIME.

We got issued the Env Permit on November 6th so Congo-Brazzaville has proactively cooperated. Without that no mine which equals no need for the new port port.

Then after this meeting CRBC Chairman Lu Shan flew out to Congo Brazzaville AGAIN for the Completion Ceremony of Port d'OYO in August 2017.



Port d'OYO is insignificant to us but, WHAT IS INTERESTING HOWEVER, is that at this completion ceremony in August 2017, they talked about the meeting of Chairman Lu with Bouya from when he visited Beijing in July:

"After the completion ceremony, President Sassou met with the delegation led by Xia Huang- the Chinese Ambassador to the Republic of Congo and CRBC Chairman Lu Shan in the temporary imperial palace.

CRBC Chairman Lu Shan noted that the delegation of the Republic of Congo has MADE GREAT ACHIEVEMENTS DURING ITS VISIT TO CHINA WHICH CAN SIGNIFICANTLY ACCELERATE CRBC’s New Port Project in Pointe Noire"

NOW AS I MENTIONED YESTERDAY:

I would have loved to have been in this meeting on November 27th.

They rolled out the big boys for this.



Looks like to me IMO financing has been agreed for the port development and also power agreements too.

Everything is linked.

Low capex is a non starter. I initially wrongly thought this low capex plan was devised to give Zioc a better bargaining position for when they want to sell their stake.

This may be the case to a degree. IMO however, this idea was set up to put pressure on the other stakeholders to speed up their part of the project and pressure them in to thinking we can do this alone (short term) if needs be.

We all know that a port is required for PHASE 1 as the Feasibility Study in 2014 mentions the new pork 9km north of the old one.

The Chinese have also been very clever here. They will come in and take ZIOC’s stake and provide capital to advance the Zanaga project. They will be providing funding and paying a CHINESE state owned company to construct the port (very clever) and in return get an off take agreement for the high grade iron ore they desperately need.

China has invested heavily already in Congo Brazzaville and will continue to do so.

As I have said before, China often helps improve the infrastructure of a country but the barter is the control of the natural resources they are interested in.

The onlty way we can pay for the port is for us to get financing ourselves. The very same financing I was talking about earlier in relation to the New Port Development Project.

This financing IMO will be from the Chinese who will buy our stake and pay their own Chniese company to construct the port.

Time is also of the essence as well as the Chinese will be aware that ZIOC could sell to others (for example India) and the money and time China has already spent in Congo Brazzaville will be wasted.

The Env Permit was the final hurdle needed for the Chinese to be sure that the Zanaga Iron ore project will take place.

IMO things have been happening behind closed doors for a long time and expect financing to be concluded very soon.

ZIOC has done their part and have no more part to play.

DYOR.

[kirk 6] 03/12/2017 08:18

Looks like tomorrow should be a massive day

[monkeymonkey] 03/12/2017 08:14

Some very good reading on the LSE board this morning, if any truth in them then ZIOC must have a good chance of going up.

[tidy 2] 02/12/2017 17:32

The deposit will be mined using a conventional truck and shovel method."The processed iron ore will be linked to the proposed port site 9km north of Pointe Noire by rail infrastructure, which will be developed for the project. The proposed infrastructure will extend approximately 350km and have a capacity of 51 million wet tons. Eight trains with 136 wagons, hauled by four 4,300hp diesel locomotives, are expected to travel along the route every day. The proposed port will have capacity for 45Mt of dry export ore a year.

[tidy 2] 02/12/2017 14:07

For info. Tomshare LSE What's this all about?Reported on November 30th. These interesting guys had a little meeting on November 27th 2017.https://tinyurl.com/ydhn4xht"Assistant Foreign Minister Chen Xiaodong Meets with Minister at the Presidency for Spatial Planning and the Delegate-General for Major Projects Jean Jacques Bouya of the Republic of Congo"Jean Jacques Bouya (a minister for Congo Brazzaville) is the same very person involved in signing of the business contract with Chinese firm CRBC in February 2016 for the Pointe Noire New Port Project in Brazzaville. (Not just Port project but also road construction and railway construction too linking Port to other areas).https://tinyurl.com/y9hx64s7So what did they meet about?"On November 27, 2017, Assistant Foreign Minister Chen Xiaodong met with Minister at the Presidency for Spatial Planning and the Delegate-General for Major Projects Jean Jacques Bouya of the Republic of Congo and his delegation. Both sides exchanged views on China-Congo relations and relevant issues on bilateral cooperation."So we know know the port is fine. That was done and dusted last year.Assistant Foreign Minister doesn't get rolled out for nothing. I mean the port project, he wasn't there for that.I wonder what else they are planning?from the Env Permit RNS:'The Project team will now seek to advance the appropriate port and power arrangements with the relevant bodies in the RoC.'

[tidy 2] 01/12/2017 16:05

Their liquidity was needed and they are distressed and out the loop. ;)