Zanaga Iron Ore Share Discussion Threads

[extrader] 28/3/2018 14:42

Hi tidy2,

If you or Degsy ever go over to the lse board, there's some good stuff by MinorMiner about ZIOC's BoD and how many of them are ex RIO, ex Simandou etc.

You should check it out sometime. In fact, I'm surprised (cough !) that you haven't .....
That's me 'joining the dots' by the way.

ATB

[extrader] 28/3/2018 14:29

Hi tidy2,

Actually , Carter is more of an anti-corruption guy for swathes of Africa.

Rio is currently in the limelight because of an FSO probe in Guinea and - separately - in Mongolia. GLEN itself, of course , is in the crosshairs of publiceye.ch

ATB

[tidy 2] 28/3/2018 14:21

The leak suggests Rio are aware something is happening at Zanaga and they want a part of it #ZIOC #RioTinto #GLEN #Zanaga

[tidy 2] 28/3/2018 14:17

Brett Carter#Congo SassouNguesso reportedly plans to sell share of Zanaga iron ore mine to @RioTinto, which is under investigation by #UK Serious Fraud Office for $11 million kickbacks in #Guinea

[knocknock] 28/3/2018 14:16

I had to get my globe out to have a look. Banana Port is in the same inlet as Pointe-Noire and the benefits of having Banana developed should, as you say , assist Ziocs ambitions further down the line. Major investment in the area is a big plus regardless. Been holding these for ever it seems. lol

[tidy 2] 28/3/2018 14:11

It came from professor Bret Carter top whistle blower in ROC government affairs.

[petebarnes1] 28/3/2018 13:59

that would be nice if true

[tidy 2] 28/3/2018 13:53

The REO leak is for the ROC Gov 10%

[extrader] 28/3/2018 13:51

Hi Southafricaninvestor,

Ok, I'll bite : ..."40p cash plus rest in Rio shares."..

What's the total consideration ?

TIA

[extrader] 28/3/2018 13:42

Hi KnockKnock,

ZIOP is in Congo-Brazzaville (C-B) , the country next door.

If this project goes ahead, there is SOME indirect benefit for us, because DRC currently has to import stuff through C-B and it would free up port space at Pointe Noire, which is where ZIOP hopes to export from.

ATB

[southafricaninvestor] 28/3/2018 12:58

Hello all,

Sources close to me who informed me of the permit news have told me Rio offer within 48 hours. I expect suspension towards close tomorrow or opening on Tuesday. 40p cash plus rest in Rio shares.

Adios

[petebarnes1] 28/3/2018 12:34

DP World has been awarded a 30-year concession to develop the first deep-water port in the Democratic Republic of the Congo (DRC).

The first phase of development of the Port of Banana will involve an initial investment of US$350m (£247m) over the next 24 months. The total project cost of more than US$1bn (£705m) will be spread over four phases and will be dependent on market demand.

The country has a short coastline of just 37km and its only existing port is on the river at Matadi.

Management and investment in the Port of Banana will be through a joint venture, with DP World having a 70% control share and the government of DRC holding the remainder.

The first phase of the greenfield project will include a 600m quay and 25ha yard with a container capacity of 350,000 TEU (twenty-foot equivalent units) and 1.5 million tonnes for general cargo.

Construction is expected to start this year 2018.

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: “We are delighted to extend our African footprint further with a major investment in the Democratic Republic of the Congo, which is Africa’s third-most populous country but has no direct deep-sea port. Investment in this deep-water port will have a major impact on the country’s trade with significant cost and time savings, attracting more direct calls from larger vessels from Asia and Europe, and ultimately acting as a catalyst for the growth of the country and the region’s economy."

Jose Makila Sumanda, vice prime minister and minister of transport and communications, Democratic Republic of the Congo, said: “We are excited to partner with DP World on this landmark project. The Port of Banana will offer the first deep-water port to the Democratic Republic of the Congo that will dramatically improve the cost and time of trade as the majority of the cargo is still handled by neighbouring countries.”

[petebarnes1] 28/3/2018 12:32

bring it on

[knocknock] 28/3/2018 12:23

DP World has been awarded a 30-year concession to develop the first deep-water port in the Democratic Republic of the Congo (DRC).

The first phase of development of the Port of Banana will involve an initial investment of US$350m (£247m) over the next 24 months. The total project cost of more than US$1bn (£705m) will be spread over four phases and will be dependent on market demand.

The country has a short coastline of just 37km and its only existing port is on the river at Matadi.

Management and investment in the Port of Banana will be through a joint venture, with DP World having a 70% control share and the government of DRC holding the remainder.

The first phase of the greenfield project will include a 600m quay and 25ha yard with a container capacity of 350,000 TEU (twenty-foot equivalent units) and 1.5 million tonnes for general cargo.

Construction is expected to start this year 2018.

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: “We are delighted to extend our African footprint further with a major investment in the Democratic Republic of the Congo, which is Africa’s third-most populous country but has no direct deep-sea port. Investment in this deep-water port will have a major impact on the country’s trade with significant cost and time savings, attracting more direct calls from larger vessels from Asia and Europe, and ultimately acting as a catalyst for the growth of the country and the region’s economy."

Jose Makila Sumanda, vice prime minister and minister of transport and communications, Democratic Republic of the Congo, said: “We are excited to partner with DP World on this landmark project. The Port of Banana will offer the first deep-water port to the Democratic Republic of the Congo that will dramatically improve the cost and time of trade as the majority of the cargo is still handled by neighbouring countries.”

[knocknock] 28/3/2018 12:20

www.theconstructionindex.co.uk/news/view/dr-congo-to-get-1bn-port

[petebarnes1] 28/3/2018 12:12

topaz agreed mate

[topazfrenzy] 28/3/2018 11:36

reading on twitter that rio tinto will probably buy the project by summer which would make sense, last chance to buy cheap here IMO

[tidy 2] 28/3/2018 11:19

3v1 now on NEX ex

[tidy 2] 28/3/2018 11:07

Offtake agreements pending announcement of test results. Independent testing wink wink.

[petebarnes1] 28/3/2018 10:44

tidy yes 3 days and we will be in news flow q2

[tidy 2] 28/3/2018 10:37

Q2 now days away.

[petebarnes1] 28/3/2018 10:35

up 4 % on money aaam don't think advfn shows correct price

[petebarnes1] 28/3/2018 10:17

all buys today one after another

[tidy 2] 28/3/2018 09:40

2v1. Support and mms ready to let it go with a bit of volume.