Zanaga Iron Ore Share Discussion Threads

[reks] 08/12/2017 11:29

Added £20k more today only matter of time

[reks] 08/12/2017 11:29

Mister - they don't need to report as already under 3%

[mister md] 08/12/2017 11:23

Anyone know if Artemis will report if/when they have sold remaining 8m shares or do they not have to as they have sold down to under 3% threshold ?

[tidy 2] 08/12/2017 11:15

scottology 749 postsCongo Iron Ore ReservesThere are 6 potential iron ore projects in the Congo. Mayako - 64% Mineral resource 182 MT (note this is not JORC reserve classification). Project impaired as unfeasible. Waiting for infrastructure before deciding on future prefeasibility studies. Badondo - Awaiting mining licence. No feasibility study as of yet. Oyabi - Very remote, northwest. Still needs proving up. Likely to export through Cameroon/Gabon. Not applicable for Point Noire port. Avima – plan to export through Gabon. Not applicable for Point Noire port. Nabeba – export through Cameroon. Stage 1 DSO only. Stage 2 awaiting feasibility study. Not applicable for Point Noire port. And Zanaga – 770 MT proven reserve. 2.1 BT probable reserve. 6.9 BT resource. Proven up. $350 million invested. The only JV with major in the Congo. CBRC building the new port. The only other project in the area is Mayako, but they are years behind Zanaga and haven't proved up their resource yet. So looks like Zanaga is the only customer for the iron ore berths in the new port. Link this back with all the research on the Chinese involvement and you get the picture

[amitburnshort] 08/12/2017 10:47

If the Chinese have a start date of 1st January for the start of construction of the port project, then it looks like all systems are go.

GLEN new NED who is South African and worked with both sides of the people in past roles, tell me why they also start with GLEN on the 1st January, what an interesting development.

All ducks lined up, either way Zanaga project to start from 1st January...will ZIOC be a part of this or will they accept some kind of offer for the Asset.

Things will become clearer as of Monday I am sure and GLEN investors meeting/phone calls on Tuesday.

The large buying for weeks, and increasing in size this week and at the rush yesterday Mr. 750K shares....someone knows something and we don't have long to wait at all.

[cudmore] 08/12/2017 10:34

Who took my advise and got into LION? You can thank me later lol! This is only the start of things to come though.

[tidy 2] 08/12/2017 10:29

Read my posts. All connected for the master plan. Updates this month should confirm. Planning goes way back and hinged on the enviro Permit granting which the government have issued as they have a cracking deal.

[tidy 2] 08/12/2017 09:45

UPDATESClifford Elphick, Non-Executive Chairman of ZIOC, commented: "I am pleased that the Zanaga Project has been awarded its Environmental Permit and would like to thank the Ministry of Environment of the Republic of Congo for its diligence in reviewing the extensive work completed by the Project team.Obtaining the Environmental Permit will assist us in our efforts to advance the Zanaga Project and attract finance to enable this valuable resource to be brought into production.We look forward to providing further UPDATES to shareholders towards the end of the year"

[tidy 2] 08/12/2017 09:39

BOD Chinese connections. Clinton James DinesNon-Executive DirectorClinton Dines has been involved in business in China since 1980, including senior positions with the Jardine Matheson Group, Santa Fe Transport Group and Asia Securities Venture Capital. In 1988 he joined BHP as their senior executive in China and, following the merger of BHP and Billiton in 2001, he became president, BHP Billiton China, a position from which he retired in 2009

[tidy 2] 08/12/2017 09:25

AmitBurnShort. Post more of that plz mate

[tidy 2] 08/12/2017 09:21

The new port and Zanaga underpin eachother. No point in building a $2.2bn Ore specialist port without knowing it will get the purest Ore in the world to it which just happens to be at Zanaga mine. And the port is being constructed to the specifications stated in the 2014 Zanaga FS report

[topazfrenzy] 08/12/2017 09:16

LOL, totally deluded!

[amitburnshort] 08/12/2017 09:15

Project to start from January, GLEN new NED board member announced yesterday South African former governor reserve bank of SA....

I think funding or purchase of Asset will be complete before years end. and fast track confirmed.

[topazfrenzy] 08/12/2017 09:03

It'll take years to get done, this bloody port! No one is going to invest in Zanaga in the meantime, come back in two years when the share price is 1p

[cudmore] 08/12/2017 08:50

Still time to get on the LION train. At least 100% rise coming up!!

[tidy 2] 08/12/2017 08:24

Mr Li Zhanggui General Manager of China Road and Bridge Corporation speaking in an interview earlier this year:What is the current situation of the Pointe Noire New Port Development Project?Li Zhanggui:"Pointe-Noire New Port is one of the most important plans of Chairman Xi's visit to the DR Congo in March 2013. The current Pointe Noire Port facilities ARE TOO OLD.Congo Brazzaville needs a new port for the mining industry. It is mainly based on the RoC's need to get out of the predicament of relying on a single oil economy, The new Pointe-Noire Project will help future industrialization as proposed by President Sassuud. At present, the roads and airports have all been completed, and only the two major infrastructures such as ports and railways have yet to be constructed. During President Xi's visit to Congo Brazzaville in March 2013, China Road and Bridge Corporation signed the strategic cooperation agreement of the Pointe Noire New Port Development under the witness of the heads of state of the two countries. In February 2016, CRBC and Congo Brazzaville signed the business agreement for the Pointe Noire New Port Development Project. The total construction area is about 26337.65m2. The project includes 2 berths for 300,000-ton iron ore export terminal, 1 berth of a 50,000-ton fertilizer berth, 2 berths of a 50,000-ton multi-purpose berth. It covers an area of ??about 1,396,000 m2 and also includes 19 km of Shugang Highway and 29.6 km of railway. The first phase of the port has a capacity of 41.95 million tons / year; the project is located about 8 km north of the old port. How will the New Port be financed?Li Zhanggui: "The Congo Brazzaville government and China Road and Bridge will fund part and the rest of the financing will be through financial institutions (Exim Bank of China)"Will the New Port be mainly used for exporting minerals? Li Zhanggui: "The construction of the new port will facilitate the export of iron ore to Brazil, China and India. In addition there is also a copper mine and two potash mines, that will also use it. It is also likely that small steel mills will also be constructed, to meet the needs of domestic steel consumption and also so that steel can also be sold in neighboring countries. In short, the NEW POINTE NOIRE PORT PROJECT IS MOST URGENTLY NEEDED AND IS A KEY PROJECT UNDER THE FRAMEWORK OF THE CHINA AFRICA COOPERATION FORUM.This will in turn lead to the economic development of Central and West African countries. THEREFORE WE HOPE TO START AS SOON AS POSSIBLE."All taken from Li Zhanggui's interview.

[tidy 2] 08/12/2017 08:16

Controlled price movement. Look at the orders that were filled yesterday.

[tidy 2] 08/12/2017 08:04

CRBC big projects in ROCFounded in September 2002, the New Cement Company of Congo is a joint venture enterprise that the China Road & Bridge Cooperation and Congo (Brazzaville) invested jointly. It is the largest cement production enterprise in Congo-Brazzaville, with an annual cement output of 300,000t. The construction started in 2003, and it was put into operation in 2004. The technology upgrading and transformation was completed in 2014.

[maytrees] 08/12/2017 07:44

Good morning

Yesterday the share price fell until almost 4:30pm when it recovered its losses despite many more apparent buys than sells.

Can any one hazard a guess or better, as to why the share price did not rise during the day to reflect the actual apparent trades in the shares?

[tidy 2] 08/12/2017 07:42

MM lse post RE: New port project FINANCINGMorning @tomshare Very interesting to read of the involvement of China's ExIm bank in funding the New Port at Pointe Noire. Their involvement gives us a massive steer on the scale of Chinese investment in Congo-Brazzaville and the importance that the Chinese attach to it. Note: They report to the State Council, the second highest body in China, as they implement Chinese State policy. Secondly their mandate is to provide loans for Chinese companies to invest in mining. Bit by bit we are seeing the massive scale and importance of Chinese investment in Congo. And all roads lead to Zanaga. From wiki: The Export–Import Bank of China is one of three institutional banks in China chartered to implement the state policies in industry, foreign trade, diplomacy, economy, and provide policy financial support so as to promote the export of Chinese products and services. The bank is subordinated to the State Council. The focus of the bank is to promote foreign trade and investment as well as development assistance in concessional funding. It .. is distinguished by its role as the sole provider of Chinese government concessional loans. Commercial activity includes export credits mainly in the infrastructure fields (roads, power plants, oil and gas pipelines, telecom, and water projects) and investment loans for Chinese businesses to establish overseas in the energy, mining and industrial sectors https://en.wikipedia.org/wiki/Exim_Bank_of_China

[kirk 6] 08/12/2017 07:37

Prepare for take off then

[tidy 2] 08/12/2017 07:36

100% fact. Lives in China is fluent in Chinese and has his Misses confirm his translations for good measure. She's obviously Chinese.

[kirk 6] 08/12/2017 06:40

Wow that's incredible if true

[tidy 2] 08/12/2017 02:52

You need to go to lse and check out post Today 02:47 Price: 15.25tomshare 969 posts to see the Chinese writing for clarification.