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(auto translated)
Special economic zones: Congo signs a memorandum of understanding with the company Arise
Tuesday, May 31, 2022 - 5:45 p.m

"
The Minister of International Cooperation and the Promotion of Public-Private Partnership, Denis Christel Sassou-N'Guesso, signed on May 31 in Kintélé, on the sidelines of the first edition of the Forum on Public-Private Partnership, a memorandum of agreement with the vice-president of Arise, Shailesh Barot, to develop the Special Economic Zones (SEZ) of Pointe-Noire and Ouesso .

Unlike Ouesso, in the Sangha, Arise will develop a mineral port in the SEZ of Pointe-Noire.

"We have just marked a first step, through this memorandum of understanding. Indeed, the company Arise will have, from this day, three months to carry out the studies in the two ZES" , declared Denis Christel Sassou-N 'Guesso, after signing the memorandum of understanding in the presence of the Minister in charge of SEZs, Émile Ouosso."
"

https://www.adiac-congo.com/content/zones-economiques-speciales-le-congo-signe-un-protocole-dentente-avec-la-societe-arise

//Another meander in the story?? Nonsense or not?

Does a flea challenge an elephant it is sitting on? An elephant that hates green field development?

Some do not appear to understand the global significance and value of the Zanaga deposit. This is not any old iron ore. Plus, Glencore will be well aware of this, hence them hanging on to this so far. They could have turfed it for a pittance years ago. They have not, it speaks volumes.

Plus the ROC Brazzaville owe Glencore a fat wadge of oil debt, taking away mining rights is probably not an option they seriously have. Plus as extrader has alluded to previously I think, the debt makes a good negotiation horse trading option for any potential Zanaga deal.

https://www.journaldebrazza.com/congo-vers-la-construction-de-deux-nouveaux-barrages-hydroelectriques-a-morala-et-a-nyanga/

Congo: towards the construction of two new hydroelectric dams in Morala and Nyanga

## could be handy?

Slurp..

Maybe albumen could also give us a quick guide on how to suck eggs?

Actually it has been down at 1.5p before.

May 09, 2022 08:11 PM

Sinosteel Gets Permit to Exploit Iron Ore in Cameroon

https://www.caixinglobal.com/2022-05-09/sinosteel-gets-permit-to-exploit-iron-ore-in-cameroon-101882607.html

I love the nonsense 'I know someone posts', sure you do..
Probably another P & D coming up.

My own views...

- Glencore has no interest in buying out Zioc, had many years chance to and did not.

- Glencore will not give this away cheaply,they would rather hang on to it as they have done so far...why?? Strategic scale and nature of this deposit.

- if something does happen here it will be large scale and 'big bang'...not going to muck about with wheelbarrows and toy dumper trucks. Prior leaks unlikely I suspect.

- on paper this should move for all strategic reasons outlined many times...when and not if, ie all hope is not lost yet.

And so we keep waiting.

https://www.cnbcafrica.com/2022/iron-ore-may-see-structural-shift-on-lack-of-new-supply-decarbonisation-russell/amp/

Iron ore may see structural shift on lack of new supply, decarbonisation:
PUBLISHED: WED, 30 MAR 2022

### High grade ore is the future as we know . Move Glencore move!

https://www.reuters.com/business/simandou-iron-ore-mine-developers-risk-penalties-if-timeline-missed-guinea-says-2022-03-29/

"JOHANNESBURG, March 29 (Reuters) - Rio Tinto (RIO.L), (RIO.AX) and a Chinese-backed consortium risk losing their mining licences if they fail to meet a tight construction timeline for the Simandou iron ore mine in Guinea, the West African country has said."

Further..

"Magassouba said infrastructure projects must be completed by December 2024 and commercial production must start by March 31, 2025, a timeline analysts say is ambitious given the scale of the infrastructure that needs to be built."

.....ha ha.. fat chance.

https://www.reuters.com/world/africa/guinea-reaches-deal-with-miners-resume-simandou-iron-ore-development-2022-03-27/

"Mines Minister Moussa Magassouba said on state television late on Saturday that a framework agreement had been signed between the government and companies involved in the project: Rio Tinto, the Aluminium Corp of China (Chinalco) and the Chinese-backed SMB-Winning consortium."

Jay was definitely the ever optimist here. Rest in peace.

We all want to win here, but are massively jaded and hacked off by it all.
Come on Glencore..

Most welcome news !!

But Glencore hasn't, they have had years to buy Zioc at rock bottom, so that theory does not hold water. Further, why should Zioc's major shareholders give this away? The same reason you hold, they keep holding. A substantial pay back for the realistic worth of this giant gem of a resource.

IPO price totally irrelevant. I still believe this is worth minimum sale price £1bn plus for Zioc (£3.30 ps plus). Glencore will want the same or more for their share. Seems crazy notion with the current sp where it is, but this premium resource is still globally significant and strategic. The sp and inactivity lulls our senses into stupidity.