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    ZIOC   VGG9888M1023

ZANAGA IRON ORE COMPANY LIMITED

(ZIOC)
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Zanaga Iron Ore Co Receives Investor Interest in Congo Republic Project

09/28/2021 | 04:47am EDT

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

09-28-21 0446ET

Stocks mentioned in the article
ChangeLast1st jan.
GLENCORE PLC -0.72% 377.95 Delayed Quote.62.21%
SILVER 0.23% 24.3541 Delayed Quote.-10.26%
ZANAGA IRON ORE COMPANY LIMITED -18.00% 4.1 Delayed Quote.-54.14%
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Financials (USD)
Sales 2020 - - -
Net income 2020 -1,82 M - -
Net cash 2020 0,35 M - -
P/E ratio 2020 -14,4x
Yield 2020 -
Capitalization 17,4 M 17,4 M -
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 63,5%
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Managers and Directors
Gary Vallerius Chief Financial Officer
Clifford Thomas Elphick Non-Executive Chairman
Clinton James Dines Independent Non-Executive Director
Jonathan Andrew Velloza Independent Non-Executive Director
Andrew Trahar Manager-Corporate Development & Investor Relations
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