ZIOC - ZANAGA IRON ORE CO - Share Chat

Zanaga Iron Ore Co (ZIO) is an AIM-listed UK company primarily focused on the development of the Zanaga Iron Ore Project in the Republic of Congo. This project, held through a joint venture, represents one of the world’s largest undeveloped iron ore deposits, boasting substantial indicated and inferred resources.

Glencore is a significant shareholder and has an off-take agreement for future production. ZIO’s strategic objective is to advance the project towards production, targeting a phased, low-cost operation capable of supplying the global steel industry. Current efforts are concentrated on optimising the project’s scope, reducing capital expenditure, and securing the necessary funding or strategic partnerships to unlock the considerable long-term value inherent in its high-grade ore. Project execution and financing remain key considerations for its future progress.