Member Info for alwayshoping

Eleven buys of 50000 or more in a three minute spell at 12-39pm.

Results should be announced no later than 30th June, so this Friday. It could even be after hours, so dont panic. They also have the "option" as I understand it, to update the market on anything that they believe to be significant that has happened in the current period since the end of year results. They did do this 12 months ago, from memory. The consensus on here with all the info we have learned from MM and others is that something is definitely in the offing as far as our future is concerned. As to when exactly this will happen will not entirely be in Ziocs hands. Obviously, we all want THE news "tomorrow", but we may well get nothing more than a note saying that the company continues to explore all options available to them for the benefit of all shareholders, and hope to update the market within...whatever. And that could well be within a few days anyway. Alwayshoping.

Congo-Brazil: Denis Sassou N'Guesso and Luiz Inácio Lula da Silva meet in Paris

Saturday, June 24, 2023 - 1:30 p.m.

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The Congolese President, Denis Sassou N'Guesso, met his Brazilian counterpart, Luiz Inácio Lula da Silva, on June 23 in Paris, on the sidelines of the summit for a new global financial pact.

Meeting Denis Sassou N'Guesso and Luiz Inácio Lula da Silva on the sidelines of the Summit for a New Global Financial Pact, Paris, June 23, 2023Denis Sassou N'Guesso went to the hotel where his Brazilian counterpart is staying, who came to Paris for the summit for a new global financial pact. Between the two personalities, exchanges in search of deepening and energizing relations in various forms.

This diplomatic and "friendly" concern had already been expressed by the ambassador of the Federative Republic of Brazil to Congo, Renato Soares Menezes, during the ceremony relating to the celebration, in Brazzaville, of the national holiday marking the bicentenary of independence of his country.

He recalled that diplomatic relations between the two countries were established in 1980. Since then, the reciprocal visits made at the top of the State have enabled President Denis Sassou N'Guesso to visit Brazil twice, and his Brazilian counterpart at the time to pay a working visit to the Congo in 2007.

"Lula cancels dinner with Saudi prince in Paris

President had been criticized for arranging a meeting with Mohammed bin Salman, who presented jewelry to Michelle Bolsonaro and is accused of ordering the killing of an opposing journal Bolsonaro and is accused of ordering the killing of an opposing journalist"

Newkotb.

30 months........quicker than that...."It should be noted that the first part of this project will be operational two years after the start of construction works."

Aberdeenman...agree with your thoughts. GLAH.

The additional info.."It should be noted that the first part of this project will be operational two years after the start of construction works."

Congo and AD Ports Group signed, on June 19 in Abu Dhabi, United Arab Emirates, an extendable thirty-year concession agreement to manage and operate a multipurpose terminal in the port of Pointe-Noire.

The Congolese government was represented at the ceremony by the Minister in charge of International Cooperation, Denis Christel Sassou N'Guesso, and that of Transport, Honoré Sayi. The signing of this agreement is a continuation of the protocol signed last March.

The two parties had undertaken to develop the autonomous port of Pointe-Noire by erecting a multimodal quay there which will be financed in a public-private partnership to the tune of 500 million dollars.

It should be noted that the first part of this project will be operational two years after the start of construction works. All of the infrastructure to be erected will be managed and operated by AD Ports Group, which is the exclusive developer and regulator of ports and related infrastructure in Abu Dhabi.

Https://www.thenationalnews.com/business/economy/2023/06/20/ad-ports-signs-30-year-agreement-to-manage-and-operate-congo-terminal/

More than likely, a few more than that Drago. Zanaga usually leave it until the final day before the RNS with results and updates etc. Was July 1st last year. But, as there has been so much going on behind the scenes these past few months ....alwayshoping as usual....then there may well be a slight delay this year...and then THE news we are all hoping for. Fingers crossed.

Https://www.hellenicshippingnews.com/europe-plows-ahead-with-new-green-steel-projects-but-spot-buyers-still-resist-to-premium/

The final paragraph could be of interest to Zanaga.

India's expert import bank, Exim Bank India, is engaged in financing the new Tao Tao cement works, rural electrification and urban transport. A government delegation stayed in India to present the opportunities to invest in the Republic of Congo and attract investors including Exim Bank India.

The Congolese government delegation, made up of the Minister of State in charge of Infrastructure, Jean-Jacques Bouya, and that of Industrial Development and Promotion of the Private Sector, Antoine Nicephore Thomas Fylla Saint-Eudes, met on June 15, in New Delhi, with the directors of Exim Bank India, as well as other investors wishing to set up in Congo.

This business meeting took place on the sidelines of the eighteenth edition of the India Africa conclave organized from June 14 to 16, in the Indian capital, New Delhi. It enabled the Congolese party to monitor the construction project of the Tao Tao cement plant, in the department of Niari, for which Exim Bank India has mobilized 55 million US dollars. According to the Congolese authorities, the uncertainties surrounding the cost of this project and the deadline for completion have been resolved; the plant could be commissioned in 2025 for production estimated at 600,000 tonnes/year.

The same discussions also focused on the relaunch of the project to improve the urban transport system of the cities of Brazzaville and Pointe-Noire financed by the bank to the tune of 89 million dollars, currently on hold; as well as the continuation of negotiations for the financing of the Urea plant for the production of fertilizers.

Speaking at the India Africa conclave, Minister Antoine Nicephore Thomas Fylla Saint-Eudes spoke about the situation of his country in the "manufacturing industries for the African common market" , in connection with the process of the African Continental Free Trade Economic Zone. (Zlecaf). Congo needs partners, particularly Indian ones, to better prepare for the opening of the Zlécaf market by 20230.

“ With this in mind, the government of the Republic of Congo has launched a vast economic development project, through the National Development Plan (PND) 2022-2026. This program has six strategic pillars, of which 50% of the investments are devoted to industry. The seventy-four industrial projects selected within the framework of this PND are essentially based on the development of local raw products ”, specified the Minister of Industrial Development.

He also listed the government's priority projects, namely the construction of two production units for iron ingots, copper, gold and zinc; the construction of a urea manufacturing unit; the processing of wood residues from first, second and third processing; the construction of agro-industrial units of refined edible oil; the construction of a quality control laboratory; the construction and equipment of industrial trades centers and the rehabilitation of the Congo-

Veteran10.

https://www.spa.gov.sa/?lang=en

Today....Economist / The Arab-Chinese Business Conference concludes its first day with the signing of agreements worth more than $10 billion.

including..."

"first day of the tenth Arab and Chinese businessmen conference, the largest of its kind hosted by the Kingdom, concluded with the signing of investment agreements worth more than 10 billion US dollars (37.5 billion riyals), including 30 agreements and deals in a number of sectors; Including: technology, renewables, agriculture, real estate, minerals, supply chains, tourism, and healthcare.

The conference's extensive agenda succeeded in attracting thousands of participants, as it included panel discussions, workshops, special meetings, and side events that explore a number of selected major topics; Among the most important of them: social and environmental responsibility and governance, and enhancing the resilience of the supply chain, as the number of participants reached more than 3,500 business leaders, innovators and decision-makers from more than 26 countries.

The conference witnessed the signing of a number of agreements between the participating companies, including a $533 million deal between Amar Al-Oula and Zhonghuan International Group (Hong Kong) Ltd. to establish a factory for processing iron ore and manufacturing iron pellets for smelting plants in the Kingdom"

I bet that more on here know more about iron ore and what will be required, than these so called forecasters and analysts.

https://www.australianresourcesandinvestment.com.au/2023/06/07/five-year-first-iron-ore-set-for-surplus-in-2023/

PART 2 TRANSLATION

According to the EU Ambassador to the Republic of Congo, Giacomo Durazzo, the launch of this project is a key step for the EU-Congo partnership, in support of economic diversification and improved governance. Through its implementation, the objective for the EU is to support its Congolese partners in responding to the challenges that arise in terms of digitalization.

For his part, the regional representative of the EIB, Nikolaos Milianitis, underlined that he was delighted that this bank supported such an important project for the development of Congo, contributing both financially and technically to this project. According to him, the EIB demonstrates its commitment to developing a far-reaching strategic vision for the benefit of the local population. " On behalf of the EIB, I would like to reiterate our desire to support the Republic of Congo in achieving its development objectives and national priorities ...", he said.

A project with a strong economic impact

Ultimately, the project aims in particular to support the diversification of the economy in the Republic of Congo. This is, on the one hand, to promote a skilled workforce, capable of thriving in a more digitized economy, thanks to the strengthening of digital skills in line with the needs of the private sector. On the other hand, by using digitalization to strengthen governance, the project also aims to contribute to the improvement of public services for citizens and businesses, to a more efficient public administration, thus contributing to the improvement of the climate. business and investments.

Digital transformation acceleration project: Congo launches the second component in this area

Thursday, June 8, 2023 - 4:52 p.m.

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PART 1

Six months later, the Republic of Congo has just launched the second part of the digital acceleration project. The ceremony took place on June 8, in Brazzaville, under the aegis of the Minister in charge of Posts, Telecommunications and the Digital Economy, Léon Juste Ibombo, in the presence of several members of the government as well as the Ambassador , head of the European Union (EU) delegation to Congo, Giacomo Durazzo, and the regional representative of the European Investment Bank (EIB).

The overall objective of the project is to accelerate digital transformation in Congo as a source of jobs and a vector of better governance, in particular by supporting the modernization of public administration information systems and the development of digital economy in the country.

Three development partners are mobilized to finance this flagship project of 89.4 billion FCFA. It brings together a grant of 10 billion FCFA from the EU, a loan of 17 billion FCFA from the EIB and financing from the World Bank of approximately 61.4 billion FCFA. This project is fully aligned with the National Development Plan 2022-2026 and the national strategy "Congo Digital 2025". It will be implemented by a project management unit, under the supervision of the Ministry of Posts, Telecommunications and the Digital Economy.

“ Far from being a pipe dream, linking Congo to the development of the digital economy contributes, like this project, to a strong, diversified, resilient economy, for inclusive growth and development. irreversible, for the purpose of creating wealth and jobs for young people... I would like to thank the partners, for this harmonious collaboration affecting the fields of telecommunications, posts, the digital economy, finance, entrepreneurship, youth, health, education, town planning, public administration, justice, civil status, statistics, cyber security, i. government, data governance, digital skills, and finally, population connectivity “, indicated the Minister of Posts, Telecommunications and the Digital Economy, Léon Juste Ibombo.

The European component of this flagship project focuses on strengthening governance through digitalization, improving employability through strengthening the digital skills of the Congolese population, personal data protection and cyber security. .

Back in April, we learned of the potential tie up of the New Mole Port and AD Ports.

https://www.zawya.com/en/business/transport-and-logistics/ad-ports-group-congo-discuss-future-cooperation-yqsc8tzz

Part of the the tie up was this..."Additionally, the Group will provide the new facility with digital services and technology solutions to enhance its efficiency, including design, implementation, and operation of a single window, software development, digital architecture, business analytics, digital operations support, and digital transformation."

And now today, we have this....https://www.adiac-congo.com/content/projet-dacceleration-de-la-transformation-numerique-le-congo-lance-le-deuxieme-volet-en-la

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Whilst not directly affecting Zanaga, what it does do is to give confidence to other "investors or companies" thinking of moving into CB. If the EU, the EIB..European Investment Bank and the World Bank are prepared to invest a total of 89.4 Billion FCFA into CB, then they must be happy that the days of corruption and alleged "brown envelopes" are a thing of the past.

MM..."These reserves are just one third of the known resource, and that resource is open along strike and at depth. AT himself revealed that they have sent a drill down to 1,000m and 'didn't find the bottom of the magnetite'. They drilled to just 300m in proving the reserves. That being so it's quite possible that the ultimate resource could be 8-10x those proven reserves.

So that's 2x NPV for the cold-bonded premium, and perhaps 8-10x for the whole resource.

Off the scale stuff."

Minorminer. you have hit the nail on the head. It is only in the last six to nine months that Green Steel became the buzz word in the industry and with it the huge increase in demand and of the high grade ore which we have in abundance. Like you said, we have only proved up around one third of the resource and we know what AT believes what else is there. Surely ,the board have been working behind the scenes to increase the known reserves and extract further value from the asset, and maybe that is exactly why we have had no news updates for so long. At the same time, that would explain why there has been no sign of a buy out or JV, ie, "we are not selling until we know more about what we have." As i said before, if this is the case, then the board have played an absolute blinder, and the sad and negative thoughts around covid having cost us big time will not sound as bad as they were afterall.

MM....Good find and info; thank you. Re my post earlier.... Minorminer."I think the primary reason is recognition that ZIOC have got us to this point and have produced an Ace card that massively increases the value of Zanaga."

There is only one guaranteed way that Zioc could have done that. If it is what I and yourself believe they have done, then they have played an absolute blinder. Alwayshoping."

My thoughts are still with this , as above.. Time will tell. Not too long to wait now.

Minorminer.

"I think the primary reason is recognition that ZIOC have got us to this point and have produced an Ace card that massively increases the value of Zanaga."

There is only one guaranteed way that Zioc could have done that. If it is what I and yourself believe they have done, then they have played an absolute blinder. Alwayshoping.