viewZanaga Iron Ore Co Ltd

Zanaga Iron Ore to benefit from 'China aggressively pushing to secure large global iron ore assets'

Zanaga Iron Ore Company Limited's (LON:ZIOC) Andrew Trahar talks to Proactive London about the two key activities in its interim results which is that strategic investor discussions are taking place and the re-costing exercise is underway on the company’s big 30Mtpa project.

Trahar also discusses the current Iron Ore market and the crucial role of China which he says is aggressively pushing to secure large iron ore assets internationally.

He goes on to explain what the company has been doing since launching a placing facility with Shard in June, which he believes was a smarter avenue to raising capital'.

Trahar updates investors on the signed agreement with Chinese state entity COIDIC.

Quick facts: Zanaga Iron Ore Co Ltd

Price: 5.43 GBX

Market: AIM
Market Cap: £15.91 m

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Zanaga Iron Ore's Andrew Trahar updates on floating port facility and early...

Zanaga Iron Ore Company Limited's (LON:ZIOC) Andrew Trahar speaks to Proactive London following the news it's completed a concept study to assess the viability of a floating dewatering, storage and offloading port facility at its project in the Republic of Congo. He says the study indicates the...

on 29/5/20

2 min read