Member Info for alwayshoping

Https://www.businessdailyafrica.com/bd/data-hub/president-ruto-reveals-plan-to-extend-sgr-to-uganda-and-congo-4252426

Maybe not the "Ace" that MM has in mind, but certainly a couple of big plus,s from as long ago as 2014. 1) there are a few years high grade ore on the surface, and therefore available from Day 1 (no idea at the moment, how far down they have to go at the likes of Simandou for example, but cannot be any quicker and 2) proven to be at the bottom end of costs to produce compared to other mines, and dont forget, those costs have been reduced even further in recent years.

From 2014.."The initial open pit mining operation will use contractor mining to exploit free dig material with a very low strip ratio, with simpler processing requirements resulting in low initial power demand. The ore will be upgraded into a high grade pellet feed using conventional gravity and flotation concentration methods before being pumped to the port via a slurry pipeline. The Project’s “on-shore” port facilities and infrastructure will include a filter plant for dewatering of the concentrate and a covered ore storage facility located at a proposed new third party port to be constructed 9km north of the existing port of Pointe-Noire (“Pointe Indienne”). Operating costs are estimated at $32/t FOB, including royalty, which would position Zanaga at the bottom quartile of the industry’s cost curve. The capital cost is estimated at $2.2 billion including contingency.

The state-owned iron ore purchaser China introduced last year to enhance steelmakers’ negotiating power has yet to deliver the reduced iron ore prices mills had hoped for.

According to Reuters, approximately 30 Chinese steel mills have signed iron ore procurement contracts through the China Mineral Resources Group (CMRG), but one steel mill said it hadn’t enjoyed any price improvements to date.

“We have not received any cheaper iron ore prices and to be honest I don’t expect they can get better deals any time soon,” a purchasing manager for a state-owned steel mill said at a Singapore industry event last week, as reported by Reuters.

Other steel mill officials and iron ore traders echoed this sentiment, suggesting iron ore prices were no cheaper than what they could achieve independently.

The CMRG has overseen plenty of activity in the Chinese iron ore sector since its introduction last year, with the 30 steel mills in question accounting for approximately 300 million tonnes of iron ore purchases per annum.

But this hasn’t created any notable market shifts.

“Our cooperation with the CMRG is constructive … so far we have not seen a market-shaking change,” a mining company official told Reuters.

“It’s hard to say if more Chinese firms will put their contract bargaining under CMRG in the future. That would mainly depend on what CMRG achieves.”

And while Chinese steelmakers have been unable to achieve the lower prices they desire, they are required to pay commission for CMRG’s services, adding costs at a time when lower steel demand from an ailing property sector is impacting revenues.

Imported iron ore prices in China fell below $US100 per tonne (t) for the first time in six months on Wednesday last week, with 62 per cent seaborne Australian iron ore fines at the port of Qingdao trading at $US97.3 ($149)/t.

“Chinese prices for imported iron ore began a steep slide from late last week as pessimism intensified among market participants, and fundamentals for the ore stayed weak,” Mysteel said.

This pessimism also saw imported iron ore stocks from Chinese steel mills drop to a record low last week, where 64 Chinese steel mills had 9.37 million tonnes of imported iron ore sintering fines in stock according to a Mysteel survey for the May 18–24 period.

This was a 172,100-tonne decline from the week before and the lowest figure since Mysteel first launched the survey in July 2014.

“The volume was also 41.6 per cent lower than the same period of last year, Mysteel’s data showed,” Mysteel said. “Market watchers attributed the continuous decrease to the still-cautious buying from many steel mills.”

A delegation from the World Bank had a good look around the Pointe Noire Port yesterday, and they were quite happy when they left. Could be any financial assistance required from them could be in the offing if required.

PAPN: About 20 World Bank administrators visit the infrastructure

Monday, May 22, 2023 - 6:27 p.m.

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On a working trip to the Republic of Congo, a World Bank mission conducted a guided tour of the port facilities shortly after the exchange with officials.

Led by Dalhia Khalifa, Regional Director of the World Bank in Central Africa in Liberia, Nigeria and Sierra Leone, who was accompanied by Abdoul Salam Bello, Executive Director of the World Bank in the Republic of Congo, and Korotoumou Ouattara, Resident Representative of the World Bank in Congo, the delegation discussed with the officials of the Autonomous Port of Pointe-Noire (PAPN) before taking a guided tour of the infrastructure and equipment.

In the port enclosure, the delegation was received by Bernard Serges Bouya, deputy general manager of the PAPN who, after the customary courtesies, thanked it for this visit which honors its structure. A video document highlighting the performance of the port and the various opportunities offered to partners and customers was thus screened at the end of the exchanges.

The guided tour of the PAPN facilities allowed the port administrators to experience the performance of the port institution which, for some time, has been constantly modernizing with the development and construction of the quays, the development of the terminal at containers and the equipment of other infrastructures making the port structure more attractive and competitive.

At the end of the visit, the directors of the World Bank expressed their feeling of satisfaction. A multifaceted support, if necessary, could translate the collaboration with the financial institution taking into account the needs expressed by the PAPN, said the regional director of the World Bank in Congo.

It should be noted that since 2022, the PAPN has been carrying out its 2022-2026 strategic plan with the aim of once again becoming the ocean gateway to Central Africa. To do this, it wants to be the port that consolidates and develops its position as a major transhipment port, an economic lung port that serves its nearby hinterland and a vast hinterland in Central Africa, making Pointe-Noire a "Smart port", c i.e. a port concerned with the protection of the environment, digitized and attractive in terms of prices and deadlines.

Bear. re.."Since GLEN changed their interest in ZIOC things are definitely looking up! And since then we have had MinorMiner spending more than most people's waking hours spouting endless "information" which isn't leading new investors to invest! And what's the point anyway, unless he's looking to bank a 50% profit after attracting punters to invest in a 50-bagger? It's all very strange." Since Glen changed their interest, exactly how much info or details have we heard from Zioc? Zilch. And because of no news, Zioc shareholders ..if it wasnt for the likes of MM ,would by now be moaning and wondering if anything was ever to happen or what was was going. Because of the likes of MM, we now know more about the worlds need for green steel ie Zanagas high grade ore; we know about the new mole port which is due to be build to Zanagas exact specification; we know all about what the Saudis are now planning for their long term future, and how they are going to do it. The world is changing, and something will definitely be happening with Zanaga, maybe, just maybe far sooner than some on here realise, and those who didnt take advantage of MM,s info and miss out on a multi multi bagger will live to regret it. GLALTH.

Https://michaelwest.com.au/worlds-biggest-steel-maker-eyes-new-green-plant-in-wa/

Driving. Re your post "Thanks for the positive words, and I promise if this gets sold for anything over 50p(unrealistically cheap IMO), then the drinks are on me(you can eat &drink all you can at one of my restaurants in north wales)!

We visit friends in the Portmadog area two or three times a year; are yoiu anywhere near this area ? Always looking for somewhere different to eat. TIA.

ATG...re ..What do the ROC get .To start with 30000 free condoms. ...and 10% from the mine.. Going back 9 years, a lot of info here... quite a long read......https://www.annualreports.com/HostedData/AnnualReportArchive/z/LSE_ZIOC_2014.pdf

Berne, Shawwal 14, 1444 AH, corresponding to May 04, 2023 AD, SPA.
His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, met - during his official visit to the Federal Republic of Switzerland - His Excellency the Swiss Minister of State for Economic Affairs, Helen Bodleger Artida, and the CEO of the Swiss Export Credit Agency, Barbara Hughes; This is to discuss strengthening cooperation in the industrial and mining sectors, and increasing exchange in access to non-oil exports between the two countries.
During the meeting, they discussed common issues between the two countries in the field of industry and mining and ways to enhance them in line with the Kingdom's Vision 2030 and contribute to diversifying the economic base, in addition to exploiting the promising investment opportunities offered by the national strategy for industry to investors in the industrial sector.
The meeting touched on confirming the strength of economic relations between the Kingdom of Saudi Arabia and Switzerland, the importance of enhancing communication between the two sides, and developing export opportunities.
His Excellency the Minister of Industry and Mineral Resources also discussed with the CEO of the Swiss Export Credit Agency, Barbara Hughes, strengthening cooperation with the Saudi Export-Import Bank, and discussing the necessary solutions to enhance the penetration of non-oil exports between the two countries, of which minerals constitute a large proportion, in addition to the pharmaceutical sector, which is a sector Another promising player with strong export potential between the two countries, in addition to the exchange of knowledge and experience for the mutual encouragement of exports.
The Kingdom of Saudi Arabia and the Federal Republic of Switzerland have a close commercial relationship in a number of economic activities in the manufacture of precious metals, jewelry, building materials, petrochemicals, medicines, and a number of consumer products.

Drago1; same as you and agree 100%. For a long time, I believed we had an agreed deal with FMG (NDA/MOU etc) after their failure to acquire SIMANDOU, but wouldnt complete until all the right boxes had been ticked. But with the Saudis now on the scene, with all their long term plans for the future ie green steel, then they are not going to be pumping huge sums of money into developing a port in CB to make a few quid from handling and shipping/port fees etc etc. Their big prize/payback willl be Zanaga, with minimum life of the mine around 30 years, and treble that if what they believe is there in the unproven depths. With the speed that everything seems to be happening over the last few weeks and months, an official announcement could literally drop at any minute now, and as they say, "you have to be in it to win it. It is an oft quoted phrease re "I wouldnt want to be out of this over the weekend", but the way this is beginning to look, its much more like "I wouldnt want to be out of this anytime now" NAI, GLALTH. etc

https://www.australianmining.com.au/a-farewell-to-oz-bhp-completes-takeover/.

Geneva, Shawwal 12, 1444 AH, corresponding to May 02, 2023 AD, SPA.
His Excellency the Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, participated in a dialogue session during the activities of the Growth Summit of the World Economic Forum in Geneva, Switzerland, under the title
"Regional Trade and Cooperation in an Unconnected World."
During his speech at the session, His Excellency stressed the Kingdom's commitment to economic diversification and sustainable growth, within the framework of the Kingdom's Vision 2030 transformation plan, drawing attention to the Kingdom's plans to be a major player in the fields of global trade by investing in many sectors, including industry and mining, and exploiting many advantages. Which it enjoys, such as natural resources and a distinctive geographical location.
Al-Khorayef indicated that the previous growth in the Kingdom was driven by oil resources, before the launch of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, of the Kingdom's Vision 2030, which aims to unleash capabilities for a number of promising sectors that will have real value. for the Saudi economy.
And he indicated that the mining investment system, for example, provides many incentives to investors in order to develop meaningful investment opportunities in the sector, stressing that in addition to the tasks that the ministry carries out, it also works to invest in human capital development, which is crucial to achieving growth. sustainable economy.
The Minister of Industry and Mineral Resources renewed the invitation to the participants in the World Economic Forum to attend the international mining conference hosted by the Kingdom every year, which brings together representatives from more than 60 countries, and leaders from industry, investment, academia and multi-stakeholder organizations to ensure efficiency and resilience of supply chains, and drive economic growth and development. in the mineral sector in Africa, Asia, and around the world.
At the beginning of his visit to the Federal Republic of Switzerland, Al-Khorayef announced 50 investment opportunities in the industrial machinery and equipment sector in the Kingdom, with a value of more than $25 billion, in the machinery and equipment industry, the manufacture of valves and pumps, and the assembly of industrial "robots".
It is noteworthy that the visit of the Minister of Industry and Mineral Resources to the Federal Republic of Switzerland comes with the aim of advancing growth paths between the two countries in a number of promising industries, increasing access to Saudi non-oil exports to European markets, and attracting qualitative foreign investments in a number of targeted sectors"
CONGO IRON ORE, maybe ?????

So, AD Ports are going to build a nice new terminal for shipping all this ore that is soon becoming available..we hope. So how they going to ship it all? OK, we will buy five new boats which will help haha.
May 1st 2023.

"“The extension of our fleet with the purchase of another five bulk carriers and the addition of an initial three crude oil tankers is a remarkable milestone for our maritime cluster and will further enable us to equip our business with the right assets and logistics capabilities to adapt to the evolving global demand within the industries in which we operate,” said Mohamed Juma Al Shamisi, managing director and Group CEO at AD Ports Group."

https://gulfbusiness.com/ad-ports-expands-fleet-with-dhs955m-investment/

We know the Saudis are now investing in the steel making industry big time, and their declared ambitions of assuring long term future supplies of iron ore. Whether Zanaga is a part of their long term plans, only time will tell. Until then, we can only seek out snippets of news and info etc and make our own minds up. Here,s what their Minister of Mines has been up to today.
Riyadh, May 1, 2023, SPA -- Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef starts today an official visit to the Swiss Confederation. The visit aims to review promising opportunities in industry and mining, attract valuable investments to Saudi Arabia, and develop new channels of communication for investors in the two countries.
During the visit, the minister will participate in the World Economic Forum, meet government officials and visit a number of Swiss companies.
The visit is expected to enhance the role of the industry and mining fields, to diversify the economic base, by providing opportunities for investors worldwide. It will identify enablers and incentives for attracting valuable investment in the field, and highlight the Saudi initiatives in these strategic sectors.
According to reports, the value of Saudi non-oil exports to Switzerland amounted to SAR3.42 billion while imports reached SAR7.99 billion. Exports from Saudi Arabia include precious metals and jewelry, building materials and automobile re-exports, whereas, top imports to Saudi Arabia were medicines, heavy machinery, electronics and foodstuff and beverages.
--SPA
12:50 LOCAL TIME 09:50 GMT

cont..Yazeed Al-Humied, Deputy Governor and Head of MENA Investments at PIF, said: “PIF is diversifying the Saudi economy by unlocking opportunities and enabling key strategic sectors in the local market. This partnership aims at establishing an integrated steel plate manufacturing facility that will strengthen Saudi Arabia’s industrial development and enable its role as a supplier within the metal industry. It will also build on PIF’s mandate to establish new strategic partnerships locally and globally; localize technologies and knowledge; enable the private sector; and create more direct and indirect job opportunities in the local market. Since 2017, PIF has invested in 13 strategic sectors and established 77 new companies domestically.”
Zou Jixin, Chairman of Baosteel, said: “This project is an active practice by Baosteel to explore lower-carbon paths for the steel industry, a major achievement in promoting the international development strategy of Baosteel. The project aims to contribute positively to the localization of the steel industry chain, job creation and local economic prosperity in Saudi Arabia.” cont
Chen Derong, Chairman of Baowu Group (the parent company of Baosteel), and Hu Wangming, President of Baowu Group, have further endorsed the project with full confidence.
Saudi Arabia would be the project’s primary target market, with plans to export to the GCC and broader MENA region. It is expected to create new jobs and significantly reduce reliance on imported steel, serving customers in several strategic industrial sectors including pipelines, shipbuilding, rig manufacturing, offshore platform fabrication and tank and pressure vessel manufacturing. It also would aim to serve the construction, renewables and marine sectors.
The investment aligns with PIF’s strategy to unlock the capabilities of promising sectors and strategically important industries that can drive the diversification of the local economy. It will support a number of PIF’s priority sectors that require steel plate and create a more resilient steel industry in the region.
The steel plate complex is supported by the Kingdom’s Shareek program for large companies, which aims to foster greater private-public cooperation, create jobs and enhance the development of the Saudi economy by providing incentives for domestic investment. It also falls under Aramco’s Namaat program, which aims to establish strategic partnerships that drive Saudi Arabia’s economic, supply chain and industrial investment diversification and expansion.
--SPA
16:45 LOCAL TIME 13:45 GMT

Aramco, Baosteel and PIF Sign Agreement to Establish First Integrated Steel Plate Manufacturing Complex in Saudi Arabia
Monday 1444/10/11 - 2023/05/01

Dhahran, May 01, 2023, SPA -- Aramco, one of the world’s leading integrated energy and chemicals companies, Baoshan Iron & Steel Co., Ltd. (Baosteel), the world’s leading steel conglomerate, and the Public Investment Fund (PIF) have signed a shareholders’ agreement to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia.
Subject to customary regulatory approvals and closing conditions, the joint venture complex is expected to be located in Ras al-Khair Industrial City, one of the four new Special Economic Zones recently announced by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs.
The complex would bring together Aramco’s unrivaled energy and industrial services ecosystem, Baosteel’s advanced steel plate industry capability and PIF’s strong financial capabilities and investment expertise. It would be the first facility of its kind in the Kingdom and the GCC region, advancing the regional steel industry ecosystem. The project aims to enhance the domestic manufacturing sector through localizing the production of heavy steel plates, transferring knowledge and creating export opportunities.
The facility is expected to have a steel plate production capacity of up to 1.5 million tons per year. It would also be equipped with a natural gas-based direct reduced iron (DRI) furnace and an electric arc furnace, which aims to reduce CO2 emissions from the steel-making process by up to 60% compared to a traditional blast furnace. The DRI plant would be compatible with hydrogen without the need for major equipment modifications, potentially reducing CO2 emissions by up to 90% in the future. cont....
Amin Nasser, Aramco President & CEO, said: “The Kingdom’s first steel plate production facility is expected to enhance Saudi Arabia’s steel industry ecosystem and improve supply chain localization. Under Aramco’s flagship industrial investment program, Namaat, and supported by the government’s Shareek program, this joint venture is expected to create jobs and contribute to economic growth and diversification. This joint venture is also an example of bringing together expertise from other sectors. With Baosteel and PIF supporting in capacity building in the Kingdom’s industrial sector, Aramco aims to create additional value for our company and our partners.” cont

A little bit more meat on the bones direct from AD PORTS this morning, and more on what Shamisi said.

AD Ports Group CEO Meets President of The Republic of Congo
in Port News 28/04/2023

AD Ports Group Managing Director and CEO, Captain Mohamed Juma Al Shamisi, met with the President of the Republic Of Congo, Denis Sassou Nguesso in Congo-Brazzaville yesterday to discuss future cooperation on the development of the ‘New Mole Port’.

This visit follows the signing of a Head of Terms (HoT) agreement between AD Ports Group and the Ministry of International Cooperation and Promotion of Public-Private Partnership of the Republic of Congo in Abu Dhabi last month for a new multipurpose terminal in Pointe-Noire. Under the agreement, AD Ports Group has the exclusive right to invest in the development, operation, and management of the “New Mole Port”, which will handle containers, general cargo, break-bulk and other types of cargo.

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.

Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “It was a privilege to meet the President and have the opportunity to present our plans for the new multipurpose terminal in Pointe-Noire Port. By working together, we can contribute to the growth and prosperity of both our nations in line with the directives of our wise leadership. We are confident that with the right resources and support, and with our expertise, we can support the ambitious development plans of the Republic of Congo. Our company is committed to working with the Government and the people of Congo to ensure the success of this project.”

The HoT agreement is valid for one year from the date of signing and could lead to a concession agreement subject to technical, legal, commercial, and environmental due diligence.

Pointe Noire is the main commercial centre of the Republic of the Congo, and its port plays a key role in the economy and development of the nation and wider region.

The multipurpose terminal is set to become a hub for trade and commerce in the region, enhancing job creation, providing knowledge transfer and connecting the Republic of Congo to global markets. This will stimulate trade for the country, which is pursuing a new National Development Plan (NDP) focusing on economic diversification and resilient, inclusive growth.
Source: AD Ports Group

Veteran 10. If we have a complete buyout, each 1 Billion dollars equates to approx £1-30 per share. If we get a JV with capex and everything shared, we have the choice of selling our shares at the new price relating to the value of the JV, OR we keep our shares and enjoy the benefits of dividend payments every year.

Minor Miner did this calculation earlier this month...hope it helps.

RE: Refresh yourselves on inherent value11 Apr '23
Nice one, Guffers. Good spot and well reminded.
I'll have a go at extrapolating some more towards a deal and SP:

2019 and ZIOC give a Stage 1+2 NPV of $3,943m for $110 65% Fe.
(Have to assume this includes the RoC's 10% free carry, 3% royalties, but not adjusted for Glencore's 2022 marketing rights).
The NPV was shown to be rising at c.$1,000m for every $10 increase in ore prices.
3-year forward prices for 65% are now roughly $110/t, and so in line with that 2019 NPV. However we need to add a $6/t/1%Fe grade premium for 67.5%Fe (LoM) or $15/t.
That grade premium gives an ore price of $125/t, which approximates to a $1,500m increase in the NPV to c.$5,443m

> There are 593,374,746 shares in issue, which equates to an SP of c.$9.17
Stage 1 requires $2.2bn of CAPEX, or $3.70 per share.

ZIOC hold 296m shares. If they sell half (146m) they would receive $1,375m. Their remaining 150m shares would require $555m of CAPEX to develop Stage 1.
That leaves $820m for distribution, plus free carry of 25% for the LoM.
The $820m would be distributed over 150m shares or $5.47 per share, = £4.46 per share (remember that holdings have been halved by sale).

> So with that 2019 NPV, current prices adjusted for grade, and selling 50% of our holding to finance a deal:

Each current share we hold would receive a dividend of £2.23 plus 25% of the mine free carry for the LoM.

It is quite interesting, reading this news again today, which first appeared seven months ago. Back then, there were zero thoughts of Zanaga being linked in anyway. Fast forward a few months, and this bit becomes more significant. Zanaga just might have been in their plans for a lot longer than we realise.

"It also seeks to reduce imports by 50 percent, while emphasizing the preservation of a financially and operationally sustainable sector, and ensuring the availability of important supply chains such as iron ore."

RIYADH: Saudi Arabia is currently executing three new iron and steel projects worth around SR35 billion ($9.3 billion), said Minister of Industry and Mineral Resources Bandar Alkhorayef.
The production capacity of these new projects will be 6.2 million tons of iron and steel, the Saudi Press Agency quoted the minister as saying.
The projects include the establishment of an integrated complex for the production of iron sheets with an estimated production capacity of 1.2 million tons per year.
The facility will build ships, oil pipelines, platforms and huge oil tanks.
Speaking at the 2nd Saudi International Iron and Steel Conference on Monday in Riyadh, the minister said the announced projects include establishment of an integrated complex for iron flats production for which discussions are being held with international investors.
It will entail an annual production capacity of 4 million tons of hot-rolled iron, and 1 million tons of cold-rolled iron, in addition to 200,000 tons of tinned iron sheet, Alkhorayef added.
The complex aims to serve the automotive, food canning, home appliances and water pipelines industries.
The minister also announced the establishment of a factory for the production of circular iron blocks, with an annual production capacity of 1 million tons.
This comes as the Kingdom focuses on the localization of steel products, including heavy iron sheets for the oil and gas sector, defense and construction sectors, tin plates for the food sector, flat sheets for the automobile sector, water pipes, he said.
It also seeks to reduce imports by 50 percent, while emphasizing the preservation of a financially and operationally sustainable sector, and ensuring the availability of important supply chains such as iron ore The two-day conference which began on Sept. 12 in the Saudi capital is being attended by regional and global industry leaders and experts.

Business: AD Ports wants to strengthen economic cooperation with Congo
Thursday, April 27, 2023 - 5:38 p.m.
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The Abu Dhabi (AD) Ports group intends to strengthen economic ties with the Republic of Congo through logistics. A delegation from the Emirati group, led by Mohamed Juma Rashed Saeed Al Shamsi, was received on April 26, in Pointe-Noire, by the President of the Republic, Denis Sassou N'Guesso.

“ We talked about the possibility of strengthening economic relations between our two countries based on logistics. The Abu Dhabi Ports group plays a big role in logistics. We are present in several countries and we want to invest here in Pointe-Noire ,” said Mohamed Juma Rashed Saeed Al Shamsi.

Last March, the Congolese government and the Emirati group signed in Abu Dhabi, United Arab Emirates, a memorandum of understanding for the construction of a multi-purpose terminal in the Congolese economic capital.

The Minister of International Cooperation and Promotion of Public-Private Partnership, Denis Christel Sassou Nguesso, has indicated that the objective is to restore the Autonomous Port of Pointe-Noire to its vocation as a hub in the Central African region and bursting platform.

" The partners of the AD Ports group propose to support this vision, starting with the construction of a new multimodal quay of more than 800 m and the setting up of a new container terminal which will be able to handle nearly one million containers per year. In this same desire for development, they would like to develop the dry ports of Dolisie and Maloukou ,” he explained.

The Minister of International Cooperation and Promotion of Public-Private Partnership further specified that the first phase of the project represents an investment of five hundred million US dollars, or about 300 billion CFA francs.

“ We are going to work with the Ministry of Transport to very quickly prepare the concession contract that we hope to be able to sign during the next visit of the President of the Republic to the United Arab Emirates ,” he said.