Zanaga Iron Ore Co Receives Investor Interest in Congo Republic Project
September 28 2021 - 5:01AM
Dow Jones News
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)
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