Zanaga Iron Ore Share Discussion Threads

[gta5] 12/3/2018 14:02

So, while we wait for the next piece of info from ZIOP, I thought I'd share my thoughts around the last RNS.
First off, I'm very glad to hear that the ZIOP project finance has been agreed for 2018. Even if its only $750K to each party it shows that GLEN are onboard and that they don't mind spending some of their petty cash on this.
I'm very confused about what they are trying to tell us about the EPP part.
On the one hand I think its a great idea to push ahead with the exploratory work and what is to some extent the preparation work for Phase1. It shows all parties that they are actively developing the project and doing deeper testing on the extraction/metallurgy/benefication etc...
I'm sure there is a lot that could help speed up Phase1 when finally given the "go" in terms of JV or final financing.
However, what I can't understand is the insistence on suggesting that there is anything remotely viable with exporting thorough existing road/rail/ports either in PN or through Gabon. The numbers just don't add up. Not by a mile.
In my opinion the EPP option has a huge problem: Either you chose to make pellets at Zanaga(hot/cold whatever) and you're forced to truck it out... so wont ever be at scale.

This pelletisation at Zanaga will require a plant with substantial power and access to materials, and then roads/rail to get it to the coast. (any coast)
So, In other words: until that part of Africa has pristine tarmac roads and unlimited heavy trucks ready to haul iron ore its not going to happen. Currently, even with moderate "normal roads and trucks"; If they manage thousands or even low tens of tousands of tonnes I'd be impressed. At a fantasy price of 300USD per tonne its still not viable.
Have a look at this article from northern Sweden for an operation a mere 160Km on impeccable roads mantained all year by the swedish state. Try to adapt and run those numbers in the ROC.
hxxp://news.cision.com/scania/r/efficient-outbound-ore-haulage-with-new-scania-rigs,c9349557

So, that means that producing pellets 300km inland is not an option.
As we all know; if they opt for producing pellets at Zanaga it only allows for trucking/rail (not slurry pipe).


To get scale into the millions of tonnes per year (and any hope of economic viability in my view) you need a slurry pipe down to the coast, and there you can opt for a pelletisation process before shipping. This would make sense as both wood pulp and/or gas/electricity should be abundant if ROC gets the SEZ built with a gas plant as well as spaces for Zanaga. Huge capex for all parties involved of course, and this is the true phase 1 of ZIOP.
hxxp://revistapesquisa.fapesp.br/wp-content/uploads/2014/07/078-081_Mineracao_220.jpg
hxxp://revistapesquisa.fapesp.br/en/2014/06/18/pellets-export/#

Some interesting reading about pelletisation with organic binders and polymers/cellulose:
hxxps://aaltodoc.aalto.fi/bitstream/handle/123456789/20830/master_Casey_Lotta_2016.pdf?sequence=1&isAllowed=y

Pellet market summary:


GL;.
GTA

[petebarnes1] 12/3/2018 13:49

weird how everything is a buy mostly on LSE and on NEX market there selling , can anyone who is up on the nnEX market explain

[nash81] 12/3/2018 13:34

time to buy back for those sell... as this will bounce back to higher trading range of 16p

[fission453] 12/3/2018 13:32

Yup news could drop any time!

[petebarnes1] 12/3/2018 11:58

anyone explain nex selling lse buying

[mister md] 12/3/2018 11:36

11-17p the trading range remains intact

[1fox1] 12/3/2018 11:31

I think if AT reads these boards he needs to get on the blower and start pushing this share to his mates in the city. That was a very good last update that appears to have gone largely unnoticed. What it says to me is this share has enormous possibilities

[petebarnes1] 12/3/2018 08:59

lots going on behind doors here, got to be in to win

[tidy 2] 11/3/2018 20:32

For info. ENI building Pointe Noire power plant with Zanaga as customer.infosplusgabon.com/index.php/actu...

[tidy 2] 11/3/2018 20:10

Post by MinorMiner LSE today. RE: China to invest hugely in AfricaThe Chinese need to invest $60,000,000,000 ($60b) in Africa by the end of 2018 to keep to the plan of new President-for-life Xi. $2.2bn has been earmarked for the new Pointe Noire. Securing a large slice of Zanaga would go some way in allocating a chunk more. Some calculate the NAV at $10bn+ From today's FT: '...China is trying to replicate its model of development in Africa to show the world that the Chinese economic model really works,? said Yu Jie of LSE Ideas, a think-tank based at London School of Economics. The strong lending follows a 2015 promise by Xi Jinping, China?s leader, for a total of $60bn in Chinese investments to Africa by the end of this year to demonstrate what he called a 'common future'. Statistics on how close Beijing is to realising the overall $60bn target are not yet available, analysts said.

[tidy 2] 11/3/2018 20:08

ZIOC export route Pointe Noire notes FYISeptember 9th 2017????????????????Name is abbreviated to COIDIC in English.This is the company doing the Feasibility Study for the Pointe Noire SEZ including the new port development.http://www.cdb.com.cn/xwzx/khdt/201709/t20170928_4621.htmlThe article above first talks about a recent deal COIDIC has signed with the Ivorian Government.At the bottom however it mentions it has an agreement with Congo Brazzaville as well. (Again if you use google translate it translate it wrongly to Democratic Republic of Congo).Then at the bottom the most important bit is this: ???????????????????????????Significant progress has been made in regards to the Pointe Noire Special Economic Zone (SEZ).What we already know.May 8th 2017:"As regard the special economic zone of Pointe Noire, he said that the next step is also scheduled for the end of May. We will then get all the conclusions of the feasibility study undertaken by the Chinese" http://zes.gouv.cg/en/alain-akouala-atipault-and-xia-huang-talk-about-last-fixes-projectMay 18th 2107:"Development and earthmoving works relating to the site of Pointe Noire will start by the end of this year."http://zes.gouv.cg/en/head-state-visits-special-economic-zones-site-pointe-noireMay 19th 2017:Representatives of Exim Bank of China travel to Congo Brazzaville with Vince Minister of Exim Bank "attaching great importance to the New Port Project in Pointe Noire, Brazzaville Economic and Technological Development Zone, and CFCO project undertaken by CRBC".http://www.crbc.com/site/crbcEN/companyNews/info/2017/4685.htmlJune 9th 2017New laws made in Congo Brazzaville in relation to SEZ. (Also with the help of China)http://zes.gouv.cg/en/adoption-two-laws-special-economic-zonesJuly 31st Beijing. Minister Bouya met CRBC."Congo-Brazzaville is willing to proactively cooperate with CRBC to complete the project financing within the SHORTEST POSSIBLE TIME"http://www.crbc.com/site/crbcEN/companyNews/info/2017/4875.htmlAugust 1st 2017: Li Xingtao General Manager of 'New Cement Plant Brazzaville'. "Comstruction for the New Port of Pointe-Noire will start soon. We hope to supply the Pointe-Noire development project."https://m.sohu.com/a/161313971_115124/?pvid=000115_3w_aAugust 10th 2017:Lu Shan Chairman of CRBC meets with Minister Bouya and President of Congo Brazzaville."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 Noirehttp://www.crbc.com/site/crbcEN/companyNews/info/2017/4901.htmlSeptember 9th:COIDIC "Significant progress has been made in regards to the Pointe Noire Special Economic Zone (SEZ)".November 6th: ZIOC awarded Environment Permit.

[petebarnes1] 11/3/2018 18:38

indeed nash GLA

[nash81] 11/3/2018 14:26

hopefully sellers are gone and next week we should be back up

[1fox1] 09/3/2018 18:42

Extrader Yes agreed. Same to you

[petebarnes1] 09/3/2018 18:37

closed at this on money am not a bad recovery at close
12.68
-0.27 (-2.08%)
live: 6:36PM GMT

[extrader] 09/3/2018 18:35

Hi 'lab and fox ',

Brokers would only spell it out to PI's...we want the number-cruncher PA's to the 'movers and shakers' to do their stuff !

Have a good weekend.
ATB

[1fox1] 09/3/2018 17:54

I for one never wanted a buyout on the cheap anyway. I have said all along patience is the key here.

[the greedy labrador] 09/3/2018 17:50

This RNS contained everything I had hoped for and more. I really don't believe people have taken in the opportunity to get in here at a giveaway price. Maybe at the next update the penny might have already dropped. I mean reading the update the rewards are enormous. I can only assume people just have not bothered reading all the information. Could do with a couple of broker reports to spell it out.

[spawny100] 09/3/2018 16:52

Nice reversal there at the end. Bodes well.

EDIT seems advfn chart is wrong and we closed at 12.35.

[petebarnes1] 09/3/2018 16:11

yes tidy thats also on twitter, big things are gathering a pace for zioc

[tidy 2] 09/3/2018 14:26

RNS Takeaway is the focus on Stage 1:1. Stage 1 saving CAPEX(9%) & OPEX(20%)

[tidy 2] 09/3/2018 13:49

Glencore buys major stake in troubled Aussie iron ore minerIt now owns 8.47% of Atlas IronCecilia Jamasmie | May. 9, 2016, 5:18 AM http://www.mining.com/glencore-buys-major-stake-in-troubled-aussie-iron-ore-miner/

[petebarnes1] 09/3/2018 13:08

wonder if we wil get a broker update, or web cast From Andrew