George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Sorry cj I should have said
https://www.lse.co.uk/ShareChat.html?ShareTicker=ZIOC.GB.PL&share=Zanaga-Iron-Ore-Company-Limited
I just asked for their comments on the Zanaga mine and its potential to produce high grade Fe together with planned infrastructure south as the MOU with AD Ports.
So a nice easy question, trying to get some interaction but there was nothing forthcoming.
Mayoko EPCToday 15:38
For some time now I've been wondering if and when we would see signs that Mayoko was going to be developed. Some 100kms closer to the coast, Mayoko would benefit hugely from infrastructure deals being put together for Zanaga development. It also sits at the top of the railway spur from Pointe Noire into Gabon which has been the subject of much renovation speculation.
In fact ZIOC detailed this in the RNS of 30th September 2022:
'Significant engagement underway with other mining project developers in RoC to explore potential collaboration opportunities, especially in relation to logistics solutions and alternatives for upgrades to existing infrastructure.'
Now, courtesy of the Praetor find, we read that (google translation from Chinese):
'At the meeting, each participating company introduced the company's situation in detail, and Chairman Ding of China-Africa Mining Group introduced the specific situation of the project. The Hunan Energy International Cooperation Industry Alliance signed a framework cooperation agreement with the China-Africa Mining Group (CCCM) Congo-Brazzaville iron ore project. The two parties will carry out resource development, railway construction, port construction, and other civil engineering and supporting construction of the Congo-Brazzaville iron ore project. Carry out comprehensive cooperation in other aspects.
Chairman Zeng said that the Congo-Brazzaville iron ore project is a long-term, century-old project with a high site. The enterprises in the Hunan Energy International Cooperation Industry Alliance have strong strength and rich experience in overseas projects. They can implement difficult and key projects in various fields such as energy and construction. The alliance will implement the cooperation agreement as soon as possible, send a professional team to conduct on-site investigations as soon as possible, and formulate specific implementation plans and advancement speed.'
****
It could well be that we have just sighted an EPC consortium being put together for Mayoko's development and, if so, then that would be a huge tell that Zanaga really is on the launch pad.
Zanaga could feed a green steel plant at Pointe Noire (initially utilising the huge amounts of Nat Gas coming ashore). Such a plant could provide steel up and down the N-S corridor and across to Mombassa in the East.
Other meetings taking place.
From MM on the other board
President Ruto reveals the plan to extend SGR across Africa to Congo-Brazzaville.
President Ruto reveals the Standard Gauge Railway (SGR) will be extended from Naivasha to Congo Brazzaville.
He spoke in Beijing during an address to the Kenya-China Investment Forum on Tuesday.
https://twitter.com/siasaZaKenyaTv/status/1714298654779969727
Make no mistake, development is coming.
Let’s face it everything we post here is conjecture and we will only know in good time via company RNS what the plans are going forward.
Having said that momentum is our favour and it wouldn’t surprise me at all if we touched 15p this week.
Have a great week.
Great way to end the week MM.
The facts as told by the company in RNS’ and the website is that “The capital cost is estimated at $2.2 billion including contingency.”
They have said in the RNS Annual Report that “Guidance provided by Chinese EPC Partner that potential capital and operating cost savings of more than 20% could be achieved.”
That is potentially a $440m saving.
And people are saying we won’t see £1 a share, now that’s deluded.