Member Info for alwayshoping

SB...o Mark Cutifani: Former CEO of Anglo American plc (2013-2023), a major iron ore producer with large-scale operations in South Africa and Brazil, including Minas Rio, which shares significant technical similarities with the Zanaga Project in logistics infrastructure and product quality. Mark serves as Chairman of Vale Base Metals and played a key role in negotiating Manara's investment - backed by the Kingdom of Saudi Arabia - into Vale Base Metals. Mark also sits on the Board of TotalEnergies, a supermajor oil company with considerable presence and investment in RoC. Mark was also formerly CEO of AngloGold Ashanti, and is a Co-Founder of Odin, a global independent advisory firm.

o Tony Trahar: Former CEO of Anglo American plc (2000-2007). Tony is credited with developing and implementing a strategy for the major expansion of Anglo American through organic growth and acquisitions, with the market capitalisation of the company growing to US$90 billion by the end of his tenure. He spearheaded Anglo American's acquisition of Kumba Iron Ore Ltd in South Africa, which reached over 47Mtpa production at its peak, and remains one of the world's largest producers of high-quality iron ore. He also serves as a Strategic Advisor to Vision Blue Resources, a mining investment fund.

o Tony O'Neill: Served as Group Director - Technical at Anglo American plc from 2013 to 2022, where he played a key role in improving productivity and cost efficiencies across the company's operations. With over 37 years of experience spanning iron ore, copper, nickel, and gold, he has led major restructuring efforts and technical innovations within complex mining businesses. Tony is a Fellow of the Royal Academy of Engineering, and is a Co-Founder of Odin, a global independent advisory firm.

o Phil Mitchell: Formerly of Rio Tinto, where he played a pivotal role in transforming its iron ore division into the company's flagship business unit, with over 300 million tonnes of iron ore production. He later served as Rio Tinto's Head of Business Development, overseeing strategy, M&A, and strategic business change. Phil also serves as CFO of I-Pulse Group, where he previously served as Chairman of I-Pulse's I-ROX business and Société des Mines de Fer de Guinée (SMFG). Phil is also Chairman of the Board at Aura Energy Ltd.

o Heeney Capital Resource Partners: A private capital firm headquartered in New York, focused on acquiring significant interests in private companies and individual assets. The firm specialises in development-stage mining assets, leveraging deep sector expertise to unlock value in high-impact, strategically significant projects. Its portfolio is complemented by opportunistic investments across critical resource sectors, with a strong track record of partnering with industry leaders to drive long-term asset growth and value realisation.

2) Gagan Gupta, Founder and CEO of Arise, is......................................

MM....My thinking is more along the lines that the deal has been done and dusted for some considerable time now, and with NDA,s and "gentlemens agreements" in place, and any new /recently interested parties would be too late....unless brown envelopes/gazumping exists at this level. Hopefully we will not have too long to wait now to find out.

As usual.....alwayshoping

I am still sticking to my original belief that this has been a long time done and dusted deal between the Saudis in some form or another ie PIF, Maaden, or Manara, alongside a Chinese state led group. The delays have been due to all the complicated and time consuming legal framework agreements required between all parties. Time will tell.

AIMHO but as usual...alwayshoping.

GM21.. in the Share Price Search box..top left hand side of this page, enter ZIOC GB ,which is linked to share trades on AQSE as apart from this one ,which relates to the LSE.

You often find a lot more "general news and information"over on that forum which you may or may not find copied over to here this forum. It is your personal choice to read whichever you prefer..or both.

Good luck.

Hobby...from MM on the other forum..."Hi always - I spotted their arrival by their broker code showing on the L2 quotes. They are 'INV.' Scrolling back I think they started coverage last Friday."

Thanks MM...v interesting.

MM. Re "This is amazing - leading broker Investec have just started market-making ZIOC"

Have you any link anywhere to this news, or our we still awaiting for an "official" announcement from Investec, as there does not appear to be anything in the public domain yet??

As usual....always hoping?

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Mitch...From memory, those in charge of Glencore at the time, were not interested in developing a "greenfield site" like Zanaga.

Simandou was allegedly "put up for open auction" back at that time.

Extrader 11-49 today. Correct : I never made the cut !!!!

Still of the opinion that "almost"everything has been sorted months ago, and ever since, all the necessary "legals and agreements/small print etc etc"at multiple levels have had to be "sorted"

Hopefully, we are all going to be very pleasantly surprised very soon now.

As usual....alwayshoping.

A very long but interesting article. Maybe a toss up whether you finish reading it or get a RNS first. Will no doubt explain some of Martys globetrotting excursions.

https://afripoli.org/mapping-africas-green-mineral-partnerships

As usual....alwayshoping

As usual...alwayshoping.

A very long but interesting article. Maybe a toss up whether you finish reading it or get a RNS first. Will no doubt explain some of Martys globetrotting excursions.

https://afripoli.org/mapping-africas-green-mineral-partnerships

As usual...alwayshoping.

Just chill; patience !! positive thoughts and all that; all will be revealed very soon after all the "loose ends" have been tidied up.

Driving...also thinking along the same lines, and this why. Some on here really want to know how the sp is going to shoot up from its present range to anywhere NEAR the IPO price; the sp may rise to 20 or 30p on whatever happens, and then come in all the profit taking, and we go back to square one where we have languished for ages. Do the likes of MK in particular, having received zilch at the moment for all the work he has done since coming on board, really want to sit around another 12 -24 months waiting for the SP reach the figure he would be expecting. Of course not, and nor would AT in all probability. Elphick isnt getting any younger neither. They will all want that SP up around to somewhere we believe it should be, and very soon too,and all the negotiations and bargaining that have been going on for many months will have taken all this into account. Not long to wait now. as usual.....alwayshoping.

Starbright..."“I don’t expect any announcement/RNS much in advance of the 11th."

SB, with respect, I recommend that you prepare to be proved wrong.

Whether it will be mega news, or just an additional box ticked RNS, like everyone else on here, we shall just have to wait a few more days to find out.

as usual...alwayshoping.

Whether Zanaga will be involved in any way, only time will tell, but their ore needs to come from somewhere.

https://gmk.center/en/news/vale-and-saudi-arabia-sign-agreement-on-green-megahub/

interesting that they are happy to quote "“It represents our first step towards changing the future of the steel industry in the Middle East."

as usual....alwayshoping

.......So I would suggest, definitely not one to be dismissed entirely.

And then finally, will Zioc and/or Glencore be left with any small percentage in anyway? That all depends on how all the above package is put together. In the meantime, we must just wait a few more days for the next RNS which we have been promised. If my thoughts above are correct, a lot of work is still going on in the background by multiple parties to ensure everything is ready and 100% correct to be announced to the world in our February presentation.

Best regards to all, and as usual.......alwayshoping.

First of all , a big thank, but more importantly, total respect to all those who have taken the time and trouble in the past 12 hours or so to share their thoughts and opinions on "what is happening next". As to be expected under the circumstances, some more agreeable and maybe obvious than others.

More than happy to be shot down on my personal thoughts, but here they are.

I strongly believe that the biggest obstacle to whatever happens in the short and or long term here, is the true value of this asset is still unknown. We have known now for at least three or four years that the future of the steel producing industry was "green steel" and at that time, even China, the worlds biggest polluters were beginning to get their act together as far as their steel mills and furnaces were concerned. Everyone knew that only the highest grade/low impurity ore would be acceptable in the near and long term future. ZIOC had strong evidence of having that product in abundance, but unfortunately had physical confirmation of around ONLY one third of the total asset. Just why Zioc and Glencore could not come together and sort some logical way of funding the required "updated JORC figures" we will never know. Yes, it costs money, as did first stage proving up did, but several options of raising the money would have been more than viable immediately, and most certainly long term.

So, where are we today.? As stated many times here in the past, I firmly believe a deal has been done and dusted for many many months, and that there is zero chance of any "auctions" even being considered. Saudi Arabia are totally driving this, in whichever form/name suits them best; be it their PIF, Maaden Minerals or Manara Minerals. China will surely be a "partner" again under what form/name suits them best again. They are already now tied up with Port requirements, a previously announced MOU relating to Hydro/Electricity requirements, everything related to the "slurry pipe" requirements, plus they are well on top with all the latest development methods relating to the production of "green pellets."

Will there be anybody else involved ? Vale could be. We know they have wanted to get into Africa in the past, and still do, but had previously missed out. We do know that the Saudis visited Vale last year, and were particularly interested how Vale worked under conditions found in the Congo (and most certainly never found in the Middle East).We do know that they are involved with new "green steel hubs" in the Middle East. We do know that they have a 10% partnership deal with Manara Minerals completed last year. They have a strong working relationship with China re Iron Ore, and not forgetting the two VLOC,s currently under construction, which would be more than handy for shipping a few million tonnes of ore from Congo to Saudi every few months. So I would suggest, definitely not one to be dismissed entirely.

more to follow................................

Ex... "RTZ has (unhelpfully) drawn public attention to the 'Pilbara rust' issue, which it has told the market it can address through new mines (Oz - Western Range; Guinea - Simandou), although Simandou will be 'slow'."

or perhaps "not so slow".according to yesterdays update....https://www.australianresourcesandinvestment.com.au/2025/01/16/rio-ushers-in-60mt-iron-ore-behemoth/

Https://www.arabnews.com/node/2586525/business-economy

as usual...alwayshoping.