Zanaga Iron Ore Share Discussion Threads

[bbanker] 31/12/2023 22:26

It’s good to find a thread where contributors are polite and refrain from foul language. I lesson for many as we enter the new year. Happy New Year to all.

[extrader] 31/12/2023 17:56

If you root around on lse (there are 2 x ZIOC threads, both with good stuff), you may find some justification for even higher numbers, based on previous presentations, flexed to take account of what capex savings the EPC Partner has apparently come up with...

You might want a clear head for that, though..

;->

HNY to one and all.

[bbanker] 31/12/2023 16:41

Many thanks extrader. I don’t know where I got the £3 a share from but I am pretty certain it is on record somewhere.

[extrader] 31/12/2023 15:45

There's been minimal dilution :

ZIOC started in 2011 with approx 280 M shares for 50% of the business (Xstrata > GLEN had the other 50%) and - following the Nov 2022 corporate restructuring - now has 645m...but for 100% of the business.

GLEN is the largest shareholder, with 286.3 m shares or 47.3%.

OTOH, you're quite right that the ore price has gone up, esp for ZIOC's premium product, which is almost mandatory for 'green ore'.

HTH

[bbanker] 31/12/2023 15:08

I believe that at one time the iron ore in the ground was thought to be worth £3 a share. Since then the value of iron ore has increased but the shareholding has been diluted. I am a long term holder in the hope that there will be a recognition of the underlying value and a way will be found to realise that value in an economic manner to the benefit of shareholders. Having held for some years and established a good profit I cannot be tempted to realise that profit at the current share price. I think there is more to come!!

[extrader] 31/12/2023 13:52

(1) Japan cosying up to Saudi coincides with Nippon Steel's bid to take over US Steel



which may face US domestic pushback, esp in an election year.

Always good to remind people that you've got a plan B - which you may even pursue if you succeed with plan A.

Which can be read both ways (ref US and ref Saudi) of course.


(2) And very timely Little Den's recent 'chaser' to the Japanese:



.."On November 27, I had an exchange by videoconference with the vice-president of the Japanese Cooperation and Development Agency. We discussed subjects essential to the consolidation of our bilateral relations with Japan. This discussion is a continuation of our previous dialogues, initiated during my visit to Japan, and focuses on strengthening our cooperation, particularly on the economic level.

One of the major points of our meeting was MY proposal to establish an office of the Japanese agency in Brazzaville, modeled on the model of the one operating in the Democratic Republic of Congo. This initiative is CRUCIAL for us because it aims to FACILITATE AND ACCELERATE THE COMPLETION OF LARGE-SCALE PROJECTS ON OUR SOIL.

We also discussed the importance of QUICKLY finalizing the technical cooperation agreement between our two countries. I INSISTED on the need to sign this agreement BEFORE THE END OF THE YEAR, in order to integrate our joint projects into Japan's annual budget which is generally adopted in March."

Not sure what the etiquette-conscious Japanese will make of this, but Little Den's eagerness is palpable.

IMO

[extrader] 31/12/2023 12:14

And to Minor Miner for this

Market News: Zanaga Iron Ore surges 20% as Congo hydro-power agreement signed.

Mark Rogers, December 28, 2023

ZANAGA SHARES HAVE NOW DOUBLED IN 2023 AS EXCITEMENT BUILDS AROUND THE PROJECT.

Zanaga Iron Ore Company

Shares in Zanaga Iron Ore Company (LSE: ZIOC) jumped over 20% on Thursday morning after the firm revealed it has penned a landmark clean energy agreement with China Machinery Engineering Corp.

The iron ore explorer, focused on the Republic of Congo, signed a memorandum of understanding with CMEC to advance engineering and funding plans for new hydroelectric facilities close to Zanaga’s namesake project.

Zanaga said CMEC will now complete further inspections and studies on the proposed hydro sites near Zanaga before drafting proposals on how the dams will be financed between Congo’s government and third parties.

The AIM-listed miner also updated investors that a feasibility study with an unnamed Chinese partner is progressing well and has already identified chances to reduce costs versus previous plans.

ZANAGA SHARES HAVE NOW DOUBLED IN 2023 AS EXCITEMENT BUILDS AROUND THE PROJECT.

hxxps://www.investomania.co.uk/zanaga-iron-ore-surges-20-as-congo-hydro-power-agreement-signed/


NAI, DYOR etc etc

[extrader] 31/12/2023 12:09

Hat tip to Veteran 10 for this

.." Saito referred to the cooperation agreement between Manara Minerals Company and the Japan Organization for Metals and Energy Security (JOGMEC), which is affiliated with the Japanese government.

The memorandum aims to promote cooperative mining investments and establish projects in third countries, focusing on Africa and Latin America.

The Japanese Minister told Asharq Al-Awsat that Tokyo intends to establish new joint projects in third-party nations, starting with African countries, fortifying supply chains.

[...]

All good stuff.

[extrader] 28/12/2023 15:14

More flavour here : hxxps://www.businessnewse.com/2023/12/28/uae-and-congo-brazzaville-finalize-terms-of-a-comprehensive-economic-partnership-agreement/

.."Abu Dhabi, UAE, 28th December 2023: The United Arab Emirates and the Republic of Congo-Brazzaville have concluded the terms of a Comprehensive Economic Partnership Agreement (CEPA), a deal that will facilitate greater trade and investment flows as the two nations pursue deeper economic ties. The conclusion of negotiations was confirmed by the signing of a joint statement by His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and His Excellency Jean-Baptiste Ondaye, Minister of Economy and Finance for the Republic of Congo-Brazzaville.

Once ratified and implemented, the UAE-Congo-Brazzaville CEPA will reduce or remove tariffs, eliminate unnecessary barriers to trade, improve market access, enhance customs procedures, and create platforms for investment and private sector collaboration in strategic sectors.

The deal builds on growing bilateral cooperation between the two sides, which in H1 2023 saw non-oil trade increase 134 percent over H1 2022 to reach $US2.1 billion. The deal also follows the signing of three strategic agreements between the nations in early 2023 including a double taxation avoidance agreement, an investment promotion and protection agreement, and an air transport agreement....

For Congo-Brazzaville, His Excellency Jean-Baptiste Ondaye said: “I have no doubt that the strategic partnership agreement with the United Arab Emirates that we have just concluded today will greatly contribute to THE FINANCING OF STRUCTURING (sic) PROJECTS IN CONGO.”

Congo-Brazzaville, officially known as the Republic of the Congo, is located in West-Central Africa, bordered by Gabon, Cameroon, the Central African Republic, the Democratic Republic of the Congo and Angola. The total value of non-oil trade between the UAE and Congo-Brazzaville reached approximately $2.2 billion in 2022, a growth of 5% compared to 2021 and a growth of 29% compared to 2020. According to 2022 data, Congo-Brazzaville is the twelfth largest trading partner of the UAE among non-Arab African countries, with the UAE ranking eighth largest export market for Congo Brazzaville and thirteenth largest import market.

The UAE accounts for about 72% of Congo-Brazzaville217;s non-oil trade with Arab countries..."

That'll be the Dubai souk merchants at a guess.

ATB

[extrader] 28/12/2023 13:57

This was Little Den's tweet of 6th October :

.."On October 6 at Dubai Expo City, I met HE Reem Ebrahim Al Hashimy, UAE Minister of State for International Cooperation. I reiterated to herthe invitation from the Congolese authorities to the United Arab Emirates to participate in the Three Basins summit, focused on environmental preservation, which will take place in Brazzaville at the end of the current month.

We also discussed the ambitious project underway with ADP ( @ADPortsGroup ): the construction of a multipurpose terminal at the autonomous port of Pointe-Noire, for which the concession agreement was signed in June 2023. I requested the support from the UAE government to ensure the success of this already initiated project.

Finally, we had discussions on the free trade agreement between Congo and the United Arab Emirates that we must sign at the next COP , then we talked about the possibility of establishing a direct air link between our countries . These two initiatives aim to stimulate commercial and cultural exchanges between the United Arab Emirates and Congo."

Ref to port and to free trade agreement.....

Another duck just quacked IMO.

ATB

[extrader] 28/12/2023 13:47

Worth comparing today's RNS with the Key Milestone Objectives per Interim Results RNS of 29 September.

(A) What EPCPartner/Perth was tasked with :

(1) Phase 1 Feasibility Study update re Stage 1 (12 mtpa) and Stage 2 (30mtpa) Projects. Status : DONE.

(2) Phase 2 Processing technology application study : Beneficiation technology, with further potential cost savings.

Status : UNDERWAY

Comment : Perth has just (13 Dec 2023) announced a pre-contract for design of a 12mtpa plant , for Vale, see hxxp://www.psei.com.cn/news/219.html.

Coincidence ? Maybe...but the workings re costings, engineering process flow etc are presumably 'transferable'...and certainly timely.

(B) Port infrastructure discussions underway

o Discussions are in progress with a large port infrastructure development firm, including consideration of:

§ Opportunity for expansion of the existing port of Pointe-Noire.

§ Potential development solutions for a large bulk mineral port capable of supporting the Zanaga 30Mtpa staged development project.

Status : NO UPDATE TODAY

Comment : I've recently queried with AT AD Ports' apparently 'masterly inactivity' since securing its 30 year concession back in June, over 6 months ago. AFAICS, little news, save for an anti-smuggling initiative by Obambi (as head of the business community).

Which apparently involved suggesting that the already installed container scanners should be switched on, btw..... ;->

Today's RNS brings CMEC into the picture re hydro (usefully green) ...and potentially also re any port expansion, AFAICS :

MM has helpfully pointed to the MoU between AD Ports and CMEC for extensive global co-operation,signed a month after AD Ports won the PN concession.

Another coincidence ? Maybe.

But maybe more : It's one thing to 'break cover' and talk hypothetically with the authorities (if at all) about geologists and engineers traipsing around investigating random up-country hydro projects, it's a lot more delicate (and very visible) doing detailed investigative work around PN, the infrastructural jewel in C-B's crown.

It looks to me as though CMEC is in the frame for the port development and AD Port's 'masterly inactivity' has been deliberate : the Port Concession contract was as a 'place-holder', whilst other ducks are lined up.

It also suggests that AbuDhabi will have a major role to play in the Consortium, going forward .

IMO, AFAICS, comments welcome.

GLA

[fillipe] 28/12/2023 12:20

A nice solid rise today.

f

[extrader] 28/12/2023 11:19

If there are, that'll just make any squeeze more painful, won't it?

At least longs can only lose 10p or so, the upside risk is potentially waaaaay higher, AFAICS.

If you know better, pray share.

GLA

[firestarter1] 28/12/2023 10:38

Careful here big shorts no

[xcap1] 28/12/2023 09:52

No more , just over exuberance

[extrader] 28/12/2023 09:50

From the RNS footnotes :

.."About us:

Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is an iron ore exploration and development company, with the Company's flagship asset being its 100% owned Zanaga Iron Ore Project located in the Republic of Congo, for which the Government Mining Licence, Environmental Permit and Mining Convention are all in place.

A major Project update is underway to freshen historical studies in light of changes in the world's economy and growing demand for low-carbon steel production, for which the Zanaga resource is highly suited, with the potential to become one of the largest producers of high grade premium pellet feed iron ore...."

HTH

[arab3] 28/12/2023 09:44

How many posts will you manage today xcap ? Lol

[xcap1] 28/12/2023 09:33

Someone correct me at but arent we permitted for construction and production ?

[xcap1] 28/12/2023 09:31

In addition, ZIOC's FS study update process is progressing well and has identified a number of potential value engineering opportunities

[extrader] 28/12/2023 09:19

First key dates in early Jan, IMO

hxxps://www.futuremineralsforum.com/news-room/world-s-mineral-leaders-gather-in-riyadh-to-attend-third-edition-of-future-minerals-forum/

.."Among the attendees are speakers who are attending for the first time, including Gary Nagle, CEO of Glencore, which produces and markets more than 60 commodities; Eduardo Bartolomeo, CEO of Vale, the world's largest producer of iron ore, nickel, and manganese; Máximo Pacheco, Chairman of Codelco, the largest copper mining company in the world; Mark Cutifani, Chairman of Vale Base Metals, the largest producer of iron ore, pellets and nickel; Evy Hambro, Managing Director, Global Head of Thematic and Sector at BlackRock, the world's largest asset manager, with over $10 trillion in assets under management....

with an opportunity for Mohamed bin Salman to 'move and shake' a little....

GLA

[xcap1] 28/12/2023 09:16

So much to come !!

[xcap1] 28/12/2023 09:16

Agree, ofc