Whilst many of the world’s major iron ore operations are approaching mid-to-late mine life or facing declining ore grades, the Zanaga Project stands out for its exceptional longevity, scale and very low operating cost.
The project supports a ~30-year projected mine life with staged development and large-scale, high-grade and low-cost production, offering long-term supply potential that aligns with evolving global steel demand and decarbonisation trends.
Find out more ➡️ https://t.co/2CxwyF44Qc
Reports today that the Royal Navy — you know, the one that ruled the waves — now down to five frigates. Some of which already have commitments. So we cannot provide a carrier fleet for our aircraft carriers, who have their own problems. A national disgrace in which Tory, Labour and even the pathetic Lib Dems are complicit.
We’ve written publicly to @ZackPolanski following his comments on recent Elbit protest verdicts.
Welcoming outcomes while failing to acknowledge a police officer being seriously injured matters.
Empathy for those harmed in the line of duty should never be optional.
📰 Check out @MiningWeekly’s article, published today, on the development workstreams being undertaken at the Zanaga Project, and how they are set to increase product quality and value ⤵️ https://t.co/E187H6OzTI
ZIOC is pleased to have been featured in this month's edition of Modern Mining magazine. The article outlines the increasing demand for high-grade iron ore as a feedstock for green steelmaking, and draws on the Zanaga Iron Ore Project as a case study of a project that can help drive forward global efforts to decarbonise the steel industry.
Read the article here ➡️ https://t.co/CFYTwAQEBy
Take note of this everyone - this is what can get you sacked and barred!
PC Lorne Castle was found guilty of gross misconduct after allegations he used unnecessary force and words while arresting a 15-year-old boy in Bournemouth town centre on January 27, 2024.
It was said the boy was believed to have been involved in an earlier assault against an elderly man, and potentially a second assault at McDonald’s.
He was alleged to have made off from town rangers.
PC Castle stormed the boy on Richmond Hill at around 5.30pm, with a colleague, and took him to the ground during the arrest.
Body worn footage showed PC Castle to shout and swear at the boy, saying “show me your f***ing hands” and “stop being a little b***h”.
The misconduct panel found that PC Castle did genuinely believe the teenager was a potential escaper and high-risk.
As the situation developed, it was found the officer did believe the boy was resisting arrest and attempting to break free.
The panel found all these beliefs were reasonable by the officer.
However, it was determined that these beliefs did not justify the level of force that PC Castle used.
It was said PC Castle did place his hand on the boy’s throat, but did not grab it, and that the officer did not know the teenager’s resisting was caused by fear for his safety.
The panel concluded that the way PC Castle took the boy to the ground and put him in a headlock, was necessary, reasonable and proportionate in the circumstances.
However, the officer’s swearing, pointing of finger, holding the boy’s face and throat and use of the leg restraints, was unnecessary force.
Chair of the panel, ACC Deborah Smith, said PC Castle failed to act with self-control and did not treat the teenager with courtesy or respect.
Mark Ley-Morgan, representing the appropriate authority, said: “This is a young man who was put in considerable fear because of an officer who has lost control of himself, and that is deeply concerning.”
Ramin Pakrooh, representing PC Castle, said this was short-lived incident and was not pre-meditated.
“An officer who was going out with good intentions,” said Mr Pakrooh.
The panel decided a final written warning was not an appropriate sanction and dismissed PC Castle without notice.
He will be also be placed on the barred list.
Link to the article: https://t.co/H6DIzDMTcZ
The Zanaga Iron Ore Project will be developed in stages to enhance deliverability and project economics and reduce technical risks and initial capital requirements. In the first five years, a production rate of 13.2Mtpa will be targeted, with expansion potential to 30Mtpa in Stage 2, which has the potential to be self-financing. Across all phases, bottom quartile operating costs are thought to be possible.
The Zanaga Iron Ore Project is a world class deposit and Africa’s largest known #iron ore reserve, with even further exploration potential along strike. Testing has indicated a high-grade, low impurity product suitable as feedstock for the decarbonisation of the #steel industry.
#ZIOC is pleased to provide an update to shareholders on its equity fundraise announced on 3 March 2025.
As previously announced, Greymont Bay, the cornerstone investor in the Fundraise, was provided the right to invest an additional US$1.50 million in the second tranche of subscriptions. If Greymont Bay elected to make this additional investment, the total gross proceeds from the Fundraise would increase to US$23.01 million.
Greymont Bay has demonstrated strong engagement and support for ZIOC's project workstreams and milestones and, consequently, has confirmed its intention to subscribe for the additional subscription. However, following a request from Gagan Gupta, Founder and CEO of Arise, who also invested in the Fundraise, to increase his investment in ZIOC, Greymont Bay has provided Gagan Gupta the right to commit to US$0.30 million of the total US$1.50 million additional subscription.
The provision of this additional funding, secured from two valued investors, enhances ZIOC's ability to progress a number of key initiatives with the potential to provide significant upside value.
Read the full announcement here ➡️ https://t.co/vNGc7q3oY2
We then apply a 90% haircut to account for financing and execution risks arriving at a risked NPV of £480m, equivalent to 60p per share, representing a 500% increase to the current share price.
@Zanaga_Iron_Ore#ironore
Following this morning’s fundraising announcement, #ZIOC is now backed by a highly successful and experienced investor base. Learn more about some of the key investors here ⤵
#ZIOC is pleased to announce an equity fundraise for gross proceeds of US$21.5 million, with potential to upsize to US$23.0 million, conducted by way of subscriptions to a group of high-profile investors with significant mining industry and project development expertise, and strong relationships in Republic of Congo.
Zanaga also announces a buyback agreement with Glencore to repurchase and cancel its equity shareholding in $ZIOC in two tranches, the completion of which will result in the cancellation of the existing relationship and offtake agreements. US$15 million of the gross proceeds of the fundraise will be allocated to the repurchase of Glencore’s shares, with the remaining proceeds providing the Company with more than 12 months of corporate and project level working capital expenditure, enabling the advancement of key project initiatives.
The participation of this highly experienced investor and advisory group brings world-class expertise in large-scale iron ore development, financing, and project execution. Their involvement significantly de-risks the Zanaga Project, supporting the Company’s path to a final construction decision and ensuring a structured approach to funding and development.
Read the full announcement here ➡ https://t.co/YJczDcSgnV
Can’t help think the time is coming for all #zioc investors. Read between the lines. News inbound before Investor Meeting as precursored by @Zanaga_Iron_Ore what is coming 🤔 get the feeling they are now confident. 👍#ironore how much are we worth 🤩
https://t.co/5oUjuPWm8q
Farmers. I know that you have been shafted today. But please don’t despair. Just look after yourselves for five short years and this shower will be gone.