Zanaga Iron Ore Share Price (ZIOC)

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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 Shares Traded Last Trade
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  -0.85 -15.89% 4.50 3,766,239 16:35:18
Bid Price Offer Price High Price Low Price Open Price
4.30 4.70 5.25 4.28 5.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.40 -0.44 14
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:49 O 500,000 4.90 GBX
Related Shares
Bhp (BHP), Glencore (GLEN), Shefa Gems (SEFA), African Battery Metals (ABM)

Zanaga Iron Ore (ZIOC) Latest News (2)

Zanaga Iron Ore News

Date Time Source Headline
25/11/202216:36UKREGZanaga Iron Ore Company Ltd Notice of GM
25/11/202207:00UKREGZanaga Iron Ore Company Ltd Results of AGM
23/11/202211:34ALNCNewsZanaga Iron Ore shares rise as acquires controlling stake in project
23/11/202210:03DJNZanaga Iron Ore Acquires Outstanding Iron-Ore Project Stake in Return for..
23/11/202207:44UKREGZanaga Iron Ore Company Ltd Acquisition of 100% of Zanaga Iron Ore Project
04/11/202217:41UKREGZanaga Iron Ore Company Ltd Notice of Annual General Meeting
04/10/202218:58ALNCNewsEARNINGS SUMMARY: Aura Energy, nanosynth loss widens; MiLOC revenue up
30/9/202212:01UKREGZanaga Iron Ore Company Ltd Interim Results
05/9/202215:40UKREGZanaga Iron Ore Company Ltd Second Price Monitoring Extn
05/9/202215:35UKREGZanaga Iron Ore Company Ltd Price Monitoring Extension
More Zanaga Iron Ore News
Zanaga Iron Ore Investors    Zanaga Iron Ore Takeover Rumours

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Date Time Title Posts
25/11/202213:04ZIOC Zanaga Iron A 2018 MULTI BAGGER TOP FOR 2018 2,057
15/11/202211:42Zanaga Iron Ore Company10,217
11/9/201907:13ZIOC Zanaga Iron A 2018 MULTI BAGGER 469
11/9/201906:21A un-moderated Zanaga thread. Open to ALL. Not the FEW87
03/8/201808:30The Tidy and Topaz thread81

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Posted at 27/11/2022 08:20 by Zanaga Iron Ore Daily Update
Zanaga Iron Ore Company Limited is listed in the Mining sector of the London Stock Exchange with ticker ZIOC. The last closing price for Zanaga Iron Ore was 5.35p.
Zanaga Iron Ore Company Limited has a 4 week average price of 2p and a 12 week average price of 1.75p.
The 1 year high share price is 5.65p while the 1 year low share price is currently 1.75p.
There are currently 307,034,367 shares in issue and the average daily traded volume is 1,679,854 shares. The market capitalisation of Zanaga Iron Ore Company Limited is £13,816,546.52.
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Posted at 25/11/2022 11:03 by extrader
There's a load of other conditions precedent to be met.

Key first test for me will be that C-B doesn't play silly beggars over the Mining Licence and the 'change of control' that the new deal represents: see condition precedent
(e) the Project's mining licence remaining unrevoked;

That's my biggest concern atm: that C-B / Nguesso uses this event as a pretext for handing the concession over to the Chinese or similar.

And ZIOC has kind of tied its own hands. The very next CP is:

(f) the adoption by the Company of a revised anti-corruption and bribery policy.

!!!

Ho hum.
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Posted at 24/11/2022 09:39 by xcap1
Beowulf mcap is £39m, and Zioc has spent 350m dollars and have a BFS done. Maybe a overdue re-rating of value.
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Posted at 23/11/2022 12:23 by bcape
RNS Number : 2812H
Zanaga Iron Ore Company Ltd
23 November 2022

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, such information is now considered to be in the public domain.

23 November 2022

PROPOSED ACQUISITION OF GLENCORE'S SHAREHOLDING IN THE ZANAGA IRON ORE PROJECT



Zanaga Iron Ore Company Limited ("ZIOC" or the "Company") (AIM: ZIOC) is pleased to announce that an agreement has been reached with Glencore Projects, for the acquisition of Glencore Projects' controlling shareholding in the Project, located in the Republic of Congo through the purchase of Glencore Projects' 50% plus one share interest in Jumelles, an entity which indirectly holds the benefit of the Project's mining licence, for a minority shareholding in ZIOC. ZIOC and MPD, an indirect wholly owned subsidiary of Jumelles which holds the benefit of the Project's mining licence, have also entered into a Marketing Agreement with Glencore International, which will take effect immediately prior to Completion, for the sale and purchase of all future iron ore production from the Project or any other of their or their Affiliates' assets using similar infrastructure in the Republic of Congo.

Highlights

· Proposed acquisition by ZIOC of Glencore Projects' controlling shareholding in Jumelles, indirect owner of the Project

o Subject to ZIOC shareholder approval, the Acquisition will be concluded through the issuance of 286,340,379 new Shares to Glencore Projects, which are expected to represent a shareholding of 48.26% in ZIOC on Completion.

o Relationship Agreement to be entered into between Glencore Projects and ZIOC with effect from Completion to ensure that the Company can carry on its business independently of Glencore Projects.

o Glencore Projects will have the right with effect from Completion to appoint two non-executive directors to the Board of ZIOC.

o Glencore Projects has agreed that it will not dispose of any of the Consideration Shares in the Company in the six months following Admission without the consent of the Company (not to be unreasonably withheld or delayed) other than in certain limited circumstances and to comply with orderly market provisions in the following six months.

· Marketing Agreement entered into between Glencore International, the Company and MPD which will take effect immediately prior to Completion

o Life-of-mine marketing agreement granting Glencore International the exclusive marketing right for all iron ore conforming to certain specifications produced by MPD, ZIOC or their respective Affiliates from the Project or in the Republic of Congo using similar infrastructure that is not subject to existing sales arrangements.

o Agreement by Glencore Projects to purchase from MPD or the Company the Product, or sell the Product on behalf of the Company on arm's length terms.

o Glencore International to be entitled to receive a marketing fee in accordance with the detailed provisions of the Marketing Agreement.

· Funding agreement

o In order to fund the Project's continuing work programme and budget, as well as the working capital requirements of ZIOC, until 31 December 2023, Glencore Projects has agreed to amend the terms of the Loan Agreement as follows:

§ increase in loan quantum from US$1.2 million to US$1.8 million;

§ extension of loan repayment date to 31 December 2023.

§ Jumelles may utilise up to US$200,000 of the loan facility to advance loans to ZIOC to fund its working capital.

· General Meeting

o A notice of a general meeting to be convened for on or around 13 December 2022 will be sent to Shareholders shortly to seek authority for the directors to: (i) issue 286,340,379 Shares pursuant to the Acquisition; and (ii) not require Glencore Projects to make a takeover offer in accordance with Regulation 33 of the Articles in connection with the Acquisition.



Clifford Elphick, Non-Executive Chairman of ZIOC, commented:

"The acquisition of Glencore Projects' shareholding in the Project is a key milestone for ZIOC's shareholders, demonstrating to third party investors that the Project is now represented by a single entity and management strategy. The Acquisition is value accretive to Shareholders and increases effective equity ownership of the Project by existing Shareholders, enhancing their look-through ownership of the Project and securing control of the Project without paying any premium for such interest.

Furthermore, entering into the Marketing Agreement with Glencore International now provides comfort to investors and financiers that the Project's future production is underpinned by one of the largest iron ore traders globally."

For further information, please contact:

Zanaga Iron Ore Company Limited

Corporate Development and Andrew Trahar

Investor Relations Manager +44 20 7399 1105

Liberum Capital Limited

Nominated Adviser, Financial Scott Mathieson, Edward Thomas

Adviser and Corporate Broker +44 20 3100 2000


About us:

Zanaga Iron Ore Company Limited ("ZIOC" or the "Company") (AIM ticker: ZIOC) is the owner of 50% less one share in the Zanaga Iron Ore Project based in the Republic of Congo through its investment in its associate Jumelles Limited. The Zanaga Iron Ore Project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer.

General

All statements, other than statements of historical facts, included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations or statements relating to expectations in relation to dividends or any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "plans", "will", "may", "anticipates", "would", "could" or similar expressions or the negative thereof, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results, performance, achievements of or dividends paid by the Company to be materially different from actual results, performance or achievements, or dividend payments expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's net asset value, present and future business strategies and income flows and the environment in which the Company will operate in the future.

These forward-looking statements speak only as of the date of this announcement. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto, any new information or any change in events, conditions or circumstances on which any such statements are based, unless required to do so by law or any appropriate regulatory authority.



Shareholders should read the risk factors set out in the Company's annual report and accounts that could affect the Company's future performance and the industry in which it operates. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement may not occur.
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Posted at 23/11/2022 12:20 by bcape
Today's RNS changes the whole game plan for ZIOC... post completion througn c.16th December 2022, ZIOC will have 100% control over decisions with Glencore holding less than 50% shares.

This will make an enormous difference in ZIOC capability to attain strategic partners, even to do a formal tender for project or other finance against future iron ore delivery prices.
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Posted at 23/11/2022 10:04 by tidy 2
Glen are right on the doorstep of zioc resource. No positives quite the opposite with this news. Unfortunately
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Posted at 23/11/2022 08:14 by xcap1
This is a very very valuable asset and Glencore know this. It's the future of steel ,green steel as it's called due to its 68% Fe content for pellet feed Glencore now own 49% of Zioc two board seats , so will now be involved in funding discussions which will carry immense weight with global lending institutions with them selling into the global Fe market which they are global players in Great move by Glen , they will rake in billions and billions on the trading side
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Posted at 15/11/2022 11:42 by extrader
The company investing in Pointe Noire SEZ is Arise IIP
hxxps://www.ariseiip.com/about-arise/

ARISE IIP " designs, finances, builds and operates integrated and tailor-made industrial zones with high added value."

It has projects in Benin (a 2021 PPP SEZ with the Govt), Guinea (a 2010 PPP SEZ with the Govt) and Togo (another PPP, still under formation).

ARISE Integrated Industrial Platforms (IIP) has two shareholders: Africa Finance Corporation (AFC) and Olam.

Africa Finance Corporation (AFC) shareholders are mainly Nigerian (42% Central Bank), see hxxps://www.africafc.org/

Olam Group is a Singapore-based agro-industrial conglomerate with an implied valuation of $ 3.5 billion, based on a recent 35% private placement with Saudi Agricultural and Livestock Corporation(SALIC).


On the face of it, Arise has significantly more credibility as a party capable of delivering a worthwhile (and useful to ZIOC) SEZ than some of the earlier chancers...;->

Their PPP (public private partnership) business model is, of course, the baby of Denis Nguesso (fils)...

AFAICS, IMO, NAI, etc etc
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Posted at 14/11/2022 08:55 by xcap1
Yorkie, they don't need to atm , it's on the back burner for them, they'll let Zioc do all the work first to get the small scale plant to the point where all logistics and off takes are in place (maybe non binding) and then step in This is a next generation mine , it'll be a greensteel pellet feed mine for electric arc furnaces but it's huge capex so any decision will have to be with financial and jurisdictional conviction Good news is that the top tier miners especially BHP have publicly stated that they are taking stakes in good projects at the junior level after decades of underinvestment. BHP are already doing this. If the Board are to be believed they need to demonstrate they can get the small plant to a point where funding is in place
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Posted at 28/1/2022 09:13 by jack4691
Greenelf, suffice to say You are just another Ramping Fraud like MoneyMunch, Gismo, Gizmo etc. Criminals who try and con innocent investors with FAKE NEWS. The plain fact is the ZIOC share price is going nowhere, railway or no railway. Try harder 1D10T !! This morning the share price is DOWN 6% thanks to the FAKE NEWS from that B1TCH !!!!!!!!
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Posted at 14/1/2021 14:05 by extrader
Hi GTA5

Yes ! Nagle is 'studiedly' opaque...

As to .."the lack of visibility from our board and marketing is a clear sign that all is not well in a macro-environment that should be cause for celebration and a lot of public engagement and attention..."

surely that reflects the likely partners/counterparts in any deal ? In order,

(1)If, as we suspect, it'll be Chinese, I don't think they are unduly concerned about market perceptions, so they don't have to 'justify' any price paid by reference to the historic or recent price, so the share price doesn't matter to them.

(2) Any rabbit that GLEN/ZIOC pull out of the hat actually looks better if its a multiple of the current price. So they're likely spot shareprice-indifferent

(3) A high share price is only of interest to ZIOC if it wants/needs to use its shares as 'currency' in any future M & A activity...which I don't think is on the cards.

OK,I get that a higher share price would get more bang for your Shard buck, but there I think 'dilution aversion' would kick in once their minimal funding needs were covered.

(4) And a low share price is actually beneficial to the 'management team' if/when they're allocated their retention bonus....

If you ask yourself 'cui bono' ? amongst the people who matter (which deffo aren't the PIs), if anything the share price reflects pretty accurately the 'benign neglect' that we're seeing....

IMO
ATB
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