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ZIOC Zanaga Iron Ore Company Limited

5.19
0.00 (0.00%)
Last Updated: 08:00:11
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zanaga Iron Ore Company Limited LSE:ZIOC London Ordinary Share VGG9888M1023 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.19 5.00 5.70 82,653 08:00:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 0 8.1M 0.0128 4.05 32.85M

Zanaga Iron Ore Co Receives Investor Interest in Congo Republic Project

28/09/2021 10:01am

Dow Jones News


Zanaga Iron Ore (LSE:ZIOC)
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By Jaime Llinares Taboada

 

Zanaga Iron Ore Co. on Tuesday reported investor interest in its 50%-owned Zanaga iron ore project in the Republic of Congo.

ZIOC said that approaches continue to be received from investors interested in investing in Zanaga, although discussions remain at a very early stage.

Zanaga is operated by Glencore PLC, which also owns the remaining 50%.

The AIM-listed part-owner of the project said that there is increased engagement with other developers in the RoC to explore potential collaboration opportunities, particularly in relation to logistics solutions and alternatives for upgrades to existing infrastructure.

Moreover, ZIOC said capital and operating cost estimates for the first stage of the project remain within guidance given in 2014.

Shares at 0822 GMT were up 7.8% at 4.00 pence.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

September 28, 2021 04:46 ET (08:46 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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