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IN BRIEF: Zanaga Loss Widens But Seeing Boost In Iron Ore Demand

Tue, 29th Sep 2020 11:07

Zanaga Iron Ore Co Ltd - iron ore miner focused on Republic of Congo - Generates no revenue in six months ended June, like in year prior, though pretax loss widens annually to USD780,000 from USD606,000. General expenses climb 63% year-on-year to USD458,000. "The iron ore market has shown robust demand from China and is benefitting from robust iron ore prices. In addition, there is an increasing awareness by the international investor community both in China and in the west of the importance of high quality, large scale, and long life iron ore projects," Non-Executive Chair Clifford Elphick said.

Current stock price: 5.52 pence

Year-to-date change: down 38%

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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