Zanaga Iron Ore Share Discussion Threads

[sooty snipes] 16/3/2021 11:11

Excellent. Cheers GTA

[gta5] 16/3/2021 11:09

Sooty, you should have bought shares in Google when you were at school... ;)

Here is what google translate will give you from SGG.CG:


___________________________________________________________________________

MINISTRY OF MINES AND GEOLOGY
OPERATING AUTHORIZATION
Order n ° 1832 of February 19, 2021 on
allocation to the company Long Ji-Congo SARL of a
authorization to operate a small gold mine called
"Lefou 1" in the Lékoumou department
The Minister of Mines and Geology,
Having regard to the Constitution;
Considering the law n ° 003-91 of April 23, 1991 on the protection
of the environment ;
Considering the law n ° 4-2005 of April 11, 2005 relating to the
mining;
Considering the law n ° 24-2010 of December 30, 2010 fixing
the rates and rules for collecting duties on
mining titles;
Considering the decree n ° 2007-274 of May 21, 2007 fixing
the conditions for prospecting research and
exploitation of mineral substances and those
exercise of administrative supervision;
Considering decree n ° 2008-338 of September 22, 2008
establishing and organizing the expertise office,
assessment and certification of substances
precious minerals;
Considering the decree n ° 2009-395 of October 13, 2009 relating
the powers of the Minister of Mines and
geology;
Considering decree n ° 2017-371 of August 21, 2017
appointing the Prime Minister, Head of
Government;
Considering the decree n ° 2017-373 of August 22, 2017 on
appointment of members of the Government;
Considering the decree n ° 2018-198 of May 23, 2018 on
organization of the Ministry of Mines and Geology;
Considering the decree n ° 2018-201 of May 23, 2018 on
organization of the general directorate of mines;
Considering the decree n ° 2020-57 of March 16, 2020 ending
to the functions of a minister and appointing a new
minister;
Considering the decree n ° 2020-58 of March 16, 2020 on
appointment of a deputy minister;
Having regard to the correspondence sent by Mr. ZHAO XIQING,
manager of the company Long ji-Congo S.A.R.L, to the minister
mining and geology on January 19, 2021;
On the proposal of the general management of mines,
Stopped :
Article 1: In application of articles 45 and 46 of
Law n ° 4-2005 of April 11, 2005 on the mining code
and articles 59, 60, 61 and 63 of decree n ° 2007-274
of May 21, 2007 setting the conditions for prospecting
research and exploitation of mineral substances
and those for exercising administrative supervision,
it is attributed to the company Long ji-Congo SARL,
domiciled: Tangu center building opposite Poaty high school
Bernard, tel. : [phone], 28 Pointe-Noire, Republic
of the Congo, an operating license for small
gold mine known as "Lefou 1", for a period of five
(5) years renewable, in the district of Bambama,
Lékoumou department.
Article 2: The operating site has an area of
185.31 km2 and is defined by the geographic boundaries
following:
Vertices Longitudes Latitudes
At 13 ° 38 ’19’ ’E 2 ° 36’ 24.70 ’’ S
B 13 ° 43 ’15.05’ ’E 2 ° 36’ 23.70 ’’ S
C 13 ° 43 ’12.48’ ’E 2 ° 47’ 8.03 ’’ S
D 13 ° 38 ’21.23’ ’E 2 ° 46’ 60 ’’ S
Article 3: The company Long ji-Congo SARL is required
to send to the general management of mines,
at the end of each quarter, activity and
production.
Article 4: The company Long ji-Congo SARL must present
at the general directorate of mines, an impact study
environmental and social related to the activity of
production and processing of gold, before entry into
production of this alluvial site.
Article 5: The company Long ji-Congo SARL must
pay a surface royalty per km2 and
per year, in accordance with Article 9 of Law No. 24-2010
of December 30, 2010 fixing the rates and rules of
collection of duties on mining titles.
Article 6: The company Long ji-Congo SARL must develop,
before the entry into production of this site, a notebook
charges with the local populations of the area
concerned by the operation to carry out the projects
sustainable community development.
Article 7: The company Long ji-Congo SARL must keep
a logbook of the quantities of gold extracted
listing the weight, the origin of the products, the dates
extraction and sale of products.
This newspaper will be regularly signed and initialed by the
agents of the small mine and craft management
mining, during inspections.
It is valid for five years from the date of signature
and must be detained at the place of exercise of the activity and
product storage.
Article 8: The company Long ji-Congo SARL will pay to
the state a royalty of 5% of the market value
"Mine tile" practiced on the market, on
establishment of a state of liquidation by management
general mining.
Article 9: The holder of an operating license
which, after twelve months, from the date
attribution, has not started operations
development, may have its title removed by the
Minister in charge of mines, without right to compensation
in accordance with the prescriptions of the mining code.
Article 10: Within the framework of surveillance
administrative, the officers of the small
mine and artisanal mining will carry out a control
half-yearly of the operating site and its dependencies.
To this end, they may require the communication of the
logbook, necessary for the accomplishment of
their mission.
Article 11: This decree will be registered, published
in the Official Journal and communicated wherever needed
will be.
Done in Brazzaville, February 19, 2021
Pierre OBA
Order n ° 1833 of February 19, 2021 on
allocation to the company Long Ji-Congo SARL of a
authorization to operate a small gold mine called
"Lefou 2" in the Lékoumou department
The Minister of Mines and Geology,
Having regard to the Constitution;
Considering the law n ° 003-91 of April 23, 1991 on the protection
of the environment ;
Considering the law n ° 4-2005 of April 11, 2005 relating to the
mining;
Considering the law n ° 24-2010 of December 30, 2010 fixing
the rates and rules for collecting duties on
mining titles;
Considering the decree n ° 2007-274 of May 21, 2007 fixing
the conditions for prospecting research and
exploitation of mineral substances and those
exercise of administrative supervision;
Considering decree n ° 2008-338 of September 22, 2008
establishing and organizing the expertise office,
assessment and certification of substances
precious minerals;
Considering the decree n ° 2009-395 of October 13, 2009 relating
the powers of the Minister of Mines and
geology;
Considering decree n ° 2017-371 of August 21, 2017
appointing the Prime Minister, Head of
Government;
Considering the decree n ° 2017-373 of August 22, 2017 on
appointment of members of the Government;
Considering the decree n ° 2018-198 of May 23, 2018 on
organization of the Ministry of Mines and Geology;
Considering the decree n ° 2018-201 of May 23, 2018 on
organization of the general directorate of mines;
Considering the decree n ° 2020-57 of March 16, 2020 ending
to the functions of a minister and appointing a new
minister;
Considering the decree n ° 2020-58 of March 16, 2020 on
appointment of a deputy minister;
Considering the correspondence sent by Mr. ZHAO
XIQING, manager of the company Long ji-Congo SARL at
Minister of Mines and Geology on January 19, 2021;
On the proposal of the general management of mines,
Stopped :
Article 1: In application of articles 45 and 46 of
Law n ° 4-2005 of April 11, 2005 on the mining code and
Articles 59, 60, 61 and 63 of Decree No. 2007-274 of
May 21, 2007 setting the conditions for prospecting
research and exploitation of mineral substances
and those for exercising administrative supervision,
it is attributed to the company Long ji-Congo SARL,
domiciled: Tangu center building opposite Lycée Poaty
Bernard, tel. : [phone], Pointe-Noire, Republic
of the Congo, an operating license for small
gold mine known as "Lefou 2", for a period of five
(5) years renewable, in the district of Bambama,
Lékoumou department.
Article 2: The operating site has an area of
170.41 km2 and is defined by the geographic boundaries
following:
Vertices Longitudes Latitudes
At 13 ° 38 ’21.23’ ’E 2 ° 46’ 60 ’’ S
B 13 ° 43 ’12.48’ ’E 2 ° 47’ 8.3 ’’ S
C 13 ° 43 ’07.92’ ’E 2 ° 57’ 11.88 ’’ S
D 13 ° 38 ’019’ ’E 2 ° 57’ 16.09 ’’ S
Article 3: The company Long ji-Congo SARL is required
to send to the general management of mines,
at the end of each quarter, activity and
production.
Article 4: The company Long ji-Congo SARL must present
at the general directorate of mines, an impact study
environmental and social related to the activity of
production and processing of gold, before entry into
production of this alluvial site.
Article 5: The company Long ji-Congo SARL must
pay a surface royalty per km2
and per year, in accordance with article 9 of the law
No. 24-2010 of December 30, 2010 fixing the rates and
rules for collecting duties on mining titles.
Article 6: The company Long ji-Congo SARL must develop,
before the entry into production of this site, a notebook
charges with the local populations of the area
concerned by the operation to carry out the projects
sustainable community development.
Article 7: The company Long ji-Congo SARL must keep
a logbook of the quantities of gold extracted
listing the weight, the origin of the products, the dates
extraction and sale of products.
This newspaper will be regularly signed and initialed by the
agents of the management of small mines and crafts
mining, during inspections.
It is valid for five years from the date of signature
and must be detained at the place of exercise of the activity and
product storage.
Article 8: The company Long ji-Congo SARL will pay to
the state a royalty of 5% of the market value
"Mine tile" practiced on the market, on
establishment of a state of liquidation by management
general mining.
Article 9: The holder of an operating license
which, after twelve months, from the date
attribution, has not started operations
development, may have its title removed by the
Minister in charge of mines, without right to compensation
in accordance with the requirements of the mining code.
Article 10: Within the framework of administrative supervision, the officers of the management of the small mine
and the mining industry will carry out a biannual inspection of the mining site and its outbuildings.
To this end, they may require the communication of the
logbook, necessary for the accomplishment of
their mission.
Article 11: This decree will be registered, published
in the Official Journal and communicated wherever needed
will be.
Done in Brazzaville, February 19, 2021
Pierre OBA
MINISTRY OF NATIONAL DEFENCE
NOMINATION
Decree n ° 2021-104 of February 19. The colonel
DIBA-BATOUYEKOLA (Fernand Anicet) is appointed
director of army weapons doctrine
earthen.
The interested party will receive, as such, the compensation provided
by the texts in force.
This decree takes effect from the date of
assumption of duties by the person concerned

____________________________________________________________

[sooty snipes] 16/3/2021 11:01

Doh It's in French. I knew I should have paid more attention at school. All I remember is bonjour mes eleves ha ha

[sooty snipes] 16/3/2021 10:59

pp 312-314,

Sorry Extrader I couldn't click on your link

[gta5] 16/3/2021 10:44

Hey, Extrader I saw that.

I might have been a bit too triggerhappy in my negativity.....

At closer inspection it looks just to the east of our license area. touching, but not in the middle of ours.
Need to ponder this a bit...

GL,
GTA.

[billyrayvalentine] 16/3/2021 10:35

...Et, what's your thoughts, if any, of his appointment to FAR's board and his investement for that matter, tia?

[extrader] 16/3/2021 10:10

Meanwhile, 'digger' Sir Mick Davis ( of Xstrata fame) has jumped on the ESG/SPAC bandwagon with this hxxps://www.esmcorporation.com/

They're planning for a greener world, although the Board profile is heavy on oil, shale oil, coal and iron ore background.....

Maybe Sir Mick is the one to 'sell' the world on the environmental benefits of high purity iron ore ?

ATB

[extrader] 16/3/2021 10:05

At last : Chinese interest in Zanaga !!!!!!

Not what you're thinking - maybe.

From the Congo Gazette hxxps://www.sgg.cg/JO/2021/congo-jo-2021-09.pdf
pp 312-314,

5 year concession approved for a new 'small gold-mine' .......right next to Zanaga town........covering 170 Km2....

Either they're 'wild-catting or its a bloody big mine !

The concession co-ordinates are given, does anyone know ours, to see proximity ?

ATB

[gta5] 16/3/2021 09:46

Thanks Extrader, I just noticed that I was hopelessly behind the other place on finding this!

I share your doubts about "Sangha Mining" having 10BN USD ready to be used for large scale infrastructure, and Indeed there is a lot of posturing and camera oportunity...

However, Nguesso will of course win a landslide victory regardless if people vote for him or not, so what else is there we can learn...?

Who is "Manuel André" and where did he come from?? He's clearly not a local. Provided someone is going to give him $10BN to build rather large scale rail and processing infrastructure surely he's a man with a track-record that matches?

Another snippet from a chinese article:

"...Sanga Mining Company is registered in Pointe Noire, Congo (Brazzaville), and is supported by Chinese investment. The acceptance of the iron ore project is also the company's first mining activity. Sangga Mining Company said on the same day that it would invest 10 billion U.S. dollars to develop these iron ore projects. Manuel Andre, CEO of Sanga Mining Company, said at the press conference: “We plan to start work in the fourth quarter of 2021 and start exporting in 2023; it is estimated that more than 100 million tons of iron will be produced each year. Ore." Andre declined to comment on the financing of these iron ore projects."

I bet he did...

..but then again, so are ZIOP at the moment..

[extrader] 15/3/2021 16:58

My thoughts from e lse where :

The ownership may change, but the location (all 3 mines hopelessly up-country) hasn't !

I'm more inclined to think that this is a 'see, we have alternatives' ostensibly to soften up/encourage Zanaga.....how can anyone consider as credible 'competition' that comes from a company that has no mining record and expects to be exporting within 2 years.

Since it's obviously rubbish, who is the intended audience ?

Oh, wait. Congo has elections in a few days. Nothing like a bit of simplistic 'resource nationalism' to get the unwashed onside.
'Patriotism is the last refuge of a scoundrel'.

IMO
Oops ! as I write this, I'm suddenly struck by the parallels closer to home...;-<

[extrader] 09/3/2021 19:58

Hi GTA5,

AIUI from the video, he's head of the APPD, the co-ordinating body mentioned in the COIDIC 19Feb update you kindly provided :

.."- agreement between COIDIC, BSCA and local QANGO (APPD) to provide finance for co's in SEZ;
- APPD has no resources, so outsources to a 'developer' to set up a Public Private Partnership (PPP);
- legislation for PPP is still - 4 years later - 'being finalised';.."

He's talking with a lady about timber exports from the SEZ, so chicken-feed stuff (no disrespect).

Mokoki's still en poste , AFAIAA.

HTH

PS maybe worth a gander over at l s e ?

[gta5] 09/3/2021 17:08

Latest images from SEZ in PN:
looks like nothing much is happening right now to be fair.
The Italians did not look too impressed. and who the hell is "Rock Eteka" ?

I thought Gilbert Mokoki was the man for SEZ?

GTA.

[extrader] 08/3/2021 16:35

Hi all,



$ 200m raised, with 90% political risk cover from MIGA to advance Nimba, targeting 15mtpa by 2025/6.

.."Friedland made his fortune from the Voisey’s Bay nickel project in Canada in the 1990s. Since then, he has been involved in some of the biggest mineral discoveries in the world, including the giant Oyu Tolgoi copper mine in Mongolia and the Kamoa-Kakula project in Democratic Republic of Congo..."

Looks as though the 'dealer' (Ivan) and the 'digger' (Mick Davies/Xstrata) have been joined by the 'doer'.

Caveat to 'the caviar' :
.."The proposed open-pit is located in the Guinean Nimba Mountains, classified as a strict nature reserve in 1944 and then as a World Heritage Site in 1981-82 for being home to globally threatened and endemic species.

The boundary of the reserve and World Heritage Site was modified in 1993 to exclude a keyhole-shaped area to allow mining in the proposed project area.

The modification doesn’t make Nimba’s path to production smooth. HFX will only be able to secure the environmental permits needed to start construction if the project the World Heritage Committee approves it..."

Get a move on, Zanaga !

[extrader] 05/3/2021 10:38

Hi all,

China may not (quelle surprise !) be taking environmental concerns as seriously as it would have folks believe....

hxxps://www.msn.com/en-us/news/world/china-economic-blueprint-signals-more-coal-investment/ar-BB1egSCn?ocid=msedgntp

In the latest 5 year development plan

.."The blueprint sets a target of generating just 20 percent of energy from non-fossil fuels by 2025, up from 15.9 percent in 2020.

There were no specific targets for increasing wind, solar or hydro capacity, although there have been pledges to invest more in renewables.

China is the world's biggest polluter, spewing out over a quarter of all greenhouse gas emissions linked to global warming.

As part of the plan to reach carbon neutrality by 2060, Beijing had previously pledged to reach peak carbon emissions before 2030.

Researchers say this needs coal-fired power to be cut almost immediately.

However the economic blueprint does not ban the development of new coal power stations.

Instead China's cabinet last month issued a directive to "increase the share of large capacity coal power units".

"The contradiction between targeting low-carbon development and continuing to invest in coal and fossil fuels still seems stark in China's plans," Myllyvirta said.

In good news for Zanaga,

.."The country's strong post-pandemic recovery has been boosted by heavy infrastructure investment , and environmentalists are concerned this could stem the shift towards greener policies...."

ATB

[xcap1] 04/3/2021 15:50

Thank you green , old mick Davies , yes memory kicking in now!

[greenelf] 04/3/2021 14:28

The then Xstrata footed the bill (yes 350 m odd). Got merged/taken over by Glencore.

[xcap1] 04/3/2021 14:08

Chaps been in this for some time but lost the story years and catching up ...AT says in a recent interview $350m has been spent on the DFS, is the figure correct , I had to re play it several times (thinking he must have made a mistake $35m???) but he def says $350m, is this right? And presumably Glencore must have foot that bill??

[extrader] 02/3/2021 15:44

I think a second shipment eventually got through (took a couple of weeks)....

I agree it's surprising that a 'private sector' connected entrepreneur hasn't apparently shown much interest (or ability ) in sorting this out.

Greed may be unattractive but is a powerful motivator in lots of societies that one can approve or disapprove of...yet doesn't seem to work in C-B, despite its phenomenal natural resources.

'It's a mystery'.

[gta5] 02/3/2021 13:30

As I try to keep up to date on events in RoC, I'm curious about Paul Obambi, as he's the local billionaire playboy, supposedly close to Nguesso&Co. His purchase of Exxaro's Iron project has been both ambitious and a very public failure so far.
He was pushing hard to get the Rail links working and transport small scale Iron Ore from Mbinda to Pointe Noire (PAPN). I think there was at least 1 very public disaster with a derailment of the train, but If I recall correctly there was only a single shimpment of iron ore to the port. (not clear if it was beyond one train, but certainly not what you'd consider commercial quantities)

As far as I can tell no current production is happening and the project is mothballed.
Admittedly it's hard to tell the reasons, (Awaiting elections, disrupted by Covid? Waiting for the train to come back from PN? etc)

(From 1 year ago:

[extrader] 02/3/2021 12:19

Hi BillyRayValentine,

GLEN has offtake agreements with a lot of start-ups around the world eg Australia, Canada and Ukraine.

It OWNS 50% + 1 share of Zanaga (ZIOC the balance) and has a current MarketCap of around £ 40,000 million, so wouldn't have a problem handling both, if the situation required.

HTH and ATB

[billyrayvalentine] 02/3/2021 12:11

...wouldn't Glencore's off-take agreement with Nathan River Resources, which owns the Roper Bar Iron Ore Project located in the Northern Territory in Australia, be a reason for some kind of delay in regards to Zanaga?

[extrader] 02/3/2021 11:29

Hi GTA5,

Good find ! This gives a bit more detail hxxps://medafricatimes.com/22560-congo-b-sassou-nguesso-lays-foundation-stone-for-new-refinery.

Snippet :

.."Congo will be equipped in 2023 with a new crude oil refinery with a capacity of 2.5 million tons per year, financed by the Chinese group Beijing fortune Dingheng investment Co Ltd. The start of work was given Sunday, February 21, 2021 near Pointe-Noire, by President Denis Sassou-Nguesso visibly in pre-election campaign.


In Fouta on the border road with the Cabinda enclave, the Atlantic Petrochemical Refinery will be built on 240 hectares. This project is structured by an investment agreement concluded in 2020 between the Congolese government and the Chinese group..."

[This Fouta (there are others) is about 18 miles SW of Pointe-Noire]

This ties in pretty well with your link of 19Feb, where I made the flwg notes (extract) :

- COIDIC is supposed to set up Co giving exclusive rights to SEZ;
- COIDIC wants to own the land;
- C-B disagrees, mtg in Djibouti Dec 2019 doesn't resolve; mtg planned for Feb 2020 cancelled because of Covid;
- COIDIC withdraws;
- new co Peking Fortune DingHeng Inv Co wants to build a refinery in the new SEZ north of PN, this clashes with the SNPC refinery already there;
- Aug 2020, new co proposes a 2.4 Km2 plot elsewhere, the 'PN SEZ' is fragmented, this 2.4Km 2(zone B) and 27.9Km2 north of PN (zone A), this is pos'n as at Jan 2021;
- no partners for SEZ currently identified;
- end Feb C-B will invite bids from 'developers';
- meanwhile, in zone A, another co with W/African connections wants to set up an alu smelter for Guinea bauxite. This must be Yantai;
- C-B is negotiating with ENI a subsidized gas tariff for a related power station, Belgian, Italian and Turkish contractors have been approached;

Let's hope that there's news on the bits in bold at the bottom, esp. if Nguesso is in election mode...

And maybe even more news, closer to home ?

ATB

[gta5] 02/3/2021 10:30

Well, slow or not, things are happening in RoC, here is the latest Oil refinery. Not in the Pointe Indienne SEZ, but at least someone that is brave to invest: