George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
This share Zioc has Glen at 51% shareholder, and today they issue an RNS announcing share scheme to management, surely something is now happening in the background to make this explode !
Checkout ZIOC share news and their website for project info, largest Iron Ore deposit untapped awaiting release. Then consider your next move to gain a sizeable profit !
So here we have it..….
after years of work, research, prepping and economic downturns in iron ore prices, we get ''
a) the upturn the market needed in pricing
b) greater chinese investment in ROC
c) IMF support at last in ROC
d) a trade war that means that China needs to secure resources without reliance on Australia pricing and US interference
e) a forthcoming Africa investment forum that is pre-empted with an RNS that outlines target performance share schemes, based on milestones that include mergers and project based achievements.
Day 1 of the forum in Brazilville is due to have signatures completed for significant projects ( as per release of info on the agenda) by Nguesso.
Lets hope this materialises at last over the coming weeks / months GLA
So here we have it..….
after years of work, research, prepping and economic downturns in iron ore prices, we get ''
a) the upturn the market needed in pricing
b) greater chinese investment in ROC
c) IMF support at last in ROC
d) a trade war that means that China needs to secure resources without reliance on Australia pricing and US interference
e) a forthcoming Africa investment forum that is pre-empted with an RNS that outlines target performance share schemes, based on milestones that include mergers and project based achievements.
Day 1 of the forum in Brazilville is due to have signatures completed for significant projects ( as per release of info on the agenda) by Nguesso.
Lets hope this materialises at last over the coming weeks / months GLA
Morning all, Yes its been a long drawn out affair over many years, but the position has become so much stronger over the past 12 months, both on a political, economic level within Congo, globally as far a iron market pricing and environmental issues. Infrastructure projects are needed, resources are there ready to dig and China must want some of or all of the action. Europe too needs cleaner higher quality product as electrical furnaces become the norm. USA and Russia are showing interest in the region, which means surely China needs to secure this before any desires come in from those parties. The port needs Zanaga, Zanaga needs the port. So who moves first? JV must be the way forward, Glen wont sell this it will want the product trades for the next 30 plus years, so a JV sellout of Zanaga is likely, whether a percentage is kept, we will see. Just my opinion, but surely we must be getting close ! NPV is due soon I believe, will be interesting reading.
Allthatguff, there is no guarantee port will be released??? strange comment
so how do you think the Congo are going to improve its economy without the port?????
the port is centre stage to so many project there, potash other iron ore mines and the tax taken and port dues eared from these projects are key to development of trade there.
So be under no illusions this will happen, hopefully Sept release then Zanaga will open up with this commitment and release date.
I shake my head in disbelief …. 8 years in and you don't believe port will be realeased… laughable
Piran, This SP has a long way to travel, you need to research and understand the numbers that this can achieve, It has an IPO of £1.56 a minimum sell off level. Volume wise it has 30 plus years at 40/60 Mtpa productivity of high value iron ore, producing $billions per year. A JV will pay big dividends, This is not a short term pump and dump, this is a serious return for a current 1/ 5 year return. So review and consider properly. Just out of curiosity what is your average share value per unit?...…… that is if you have any !!!
Zanaga is not reliant on IMF decision to deliver DSO or EPP, it would benefit Stages 1/2 in releasing and building obviously once port is announced. So sell off is a short sighted view. They need Zanaga, its integral to the economic development, IMF will know that and factor it in.
The IMF approval is key to releasing funds into the public domain, ie the people, not the corrupt historic government officials, who now have to have a clear auditable finance system. This will release funds for project developments, provide confidence for investors and infrastructure development. A 2 day review Thurs/ Fri could release info late Friday, although most of the required paperwork /evidence must be in place, otherwise they would not have allocated a date for review/ decisions.
China, starts to build stronger relations, as companies commit to projects to enhance facilities, infrastructure and surely soon to be the port. This will then release other mining projects in the area and trigger the development of Stage1 / 2 of Zanaga. The PP and DSO phases should be updated soon, as initial startup phases that can deliver over the next few years until the key 12/40Mtpa are up and running. Could be a JV / buyout long before, but the key is that projects are starting to happen in the Congo.
President of the Republic, Denis Sassou N'Guesso, exchanged on 10 June in Brazzaville with Chinese Assistant Foreign Minister Chen Xiaodong. In addition to the prospects for cooperation between China and Congo, the representative of the Chinese government has announced to the Congolese head of state the imminent resumption of projects stopped because of Congo's trade debt to China. Just as he confirmed the support of his country in the construction of the special economic zone of Pointe-Noire. Chen Xiaodong also discussed with the Congolese head of state some ongoing projects, including the new parliament headquarters, the Aviation Maintenance Center and shopping centers in Brazzaville. In addition, he reassured the President of the Republic of the full collaboration of his country to the materialization of the aforementioned and other projects in order to bring the cooperation between the two countries to a level expected.
My colleagues and I have just been received by the Congolese Head of State after the meeting with the Congolese Minister of Foreign Affairs, as well as other ministers from your country. We took stock of the cooperation between our two states after the Beijing Summit. We have also planned our future cooperation. Sino-Congolese relations have entered the best period of their history thanks to the impetus and personal commitment of our two presidents, "said Chen Xiaodong. In addition, the Chinese Minister also announced that his country will support the organization in Congo of the 5th Forum "Investing in Africa", for which China intends to encourage its companies to participate actively to ensure its full success. Recall that a few weeks ago, China has reduced Congolese debt to twenty million US dollars.
Hi Jay and Sydney,
I agree, we have been waiting a while, being patient, this was all about the financial conditions of Congo, IMF relief and port development. Chinese infrastructure building, market demand globally giving the best platform. Soon to be a brownfield site, this will be developed hopefully with a JV partner, Chinese or other Steel mill such as AccelorMittal for example as a partner, that will open the mine up to full potential to meet African demand and world markets. Don't be surprised if Steel mills get built in the Congo too, with road and rail builds happening, it will feed the African market well.
Total upside to this Zanaga project after many years of preparation. This will start to trend back upwards soon with news on EPP just around the corner at the end of May. IMF meet June.
An IMF program will "help the Republic of Congo restore macroeconomic stability and achieve higher and more inclusive growth". After several unsuccessful attempts in recent months, the mission sent to Brazzaville from 1 to 8 May by the international financial organization has finally reached agreement on a program that could be supported by a financial arrangement under the Expanded Financial Facility. credit (FEC).
The agreement must now "be presented to the IMF's Executive Board for review and decision," says the institution's statement, which welcomes "fiscal consolidation efforts and the recent agreement to restructure the IMF's bilateral debt. Republic of Congo to China [which] are decisive steps in restoring debt sustainability. "
However, on April 29, the Chinese and Congolese authorities reached an agreement in Beijing on the rescheduling of some $ 3.15 billion of Congolese debt held by China, paving the way for the resumption of negotiations with the IMF.
This agreement "represents a decisive step towards the restoration of debt sustainability," said Alex Segura-Ubiergo
As soon as certain elements of governace are completed, the IMF will report to their board for approval in supporting the Congo, then hopefully we shall also receive port development news from the Chinesse.
All of this activity supports the Stage 1 development project, meanwhile the news on the EPP project is due end of May, which is not dependent on these current Congo issues being developed. However, it provides a platform of confidence for Glencore, ZIOC and any prospective partners sat in the wing to move onwards and up with launching this massive resource.
Great opportunity to dee massive returns on this project, review www.zanagairon.com
An IMF program will "help the Republic of Congo restore macroeconomic stability and achieve higher and more inclusive growth". After several unsuccessful attempts in recent months, the mission sent to Brazzaville from 1 to 8 May by the international financial organization has finally reached agreement on a program that could be supported by a financial arrangement under the Expanded Financial Facility. credit (FEC).
The agreement must now "be presented to the IMF's Executive Board for review and decision," says the institution's statement, which welcomes "fiscal consolidation efforts and the recent agreement to restructure the IMF's bilateral debt. Republic of Congo to China [which] are decisive steps in restoring debt sustainability. "
However, on April 29, the Chinese and Congolese authorities reached an agreement in Beijing on the rescheduling of some $ 3.15 billion of Congolese debt held by China, paving the way for the resumption of negotiations with the IMF.
This agreement "represents a decisive step towards the restoration of debt sustainability," said Alex Segura-Ubiergo
As soon as certain elements of governace are completed, the IMF will report to their board for approval in supporting the Congo, then hopefully we shall also receive port development news from the Chinesse.
All of this activity supports the Stage 1 development project, meanwhile the news on the EPP project is due end of May, which is not dependent on these current Congo issues being developed. However, it provides a platform of confidence for Glencore, ZIOC and any propespectives partners sat in the wing to move onwards and up with launching this massive resource.
Chinas debt agreement is the first step, but the explosion will happen once port and IMF news is released. This is an important move, that will allow the other 2 elements to develop. Significant, yes...… and hopefully we get momentum now to stimulate the IMF to finalise their support. Glencore must soon show their hands once the next 2 elements happen. EPP final costings and sign-off should be news soon too, approx. 3 weeks?
GLA, weve been waiting a long time, hold the faith. IMO
14/03/2019
?
MOU SIGNED WITH 30MTPA WEST AFRICAN DEVELOPMENT MINE
?
Binding Solutions Ltd has signed an MOU with a development mine in West Africa targeting 30Mtpa capacity.
Phase I includes an early production plan of 1Mtpa, followed by a ramp-up to 12Mtpa capacity in Phase II and 30Mtpa in Phase III. BSL has developed a suitable binder bespoke to the mine’s material source to produce a 65% Fe pellet. BSL is currently conducting furnace trials to test the pellets with a potential end-user.
https://www.bindingsolutions.uk/news
Zanaga looks to increase value of Iron Ore as planning builds. Glencore being a 51% shareholder in the project.
So as the logistics are being worked on for the EPP development, with a plan for conventional pellets to be used initially, we are aware of the relationship to develop cold pelletization for the later stages of the project, to maximise grade and value. Please review the newsflow on Binding solutions website and tell me if you see any synergy of activities at the company.
https://www.bindingsolutions.uk/news
MOU's signed with a number of organisations with particular parity on a project with productivity volumes of a certain West African miner. Recognise the numbers ?
14/03/2019
?
MOU SIGNED WITH 30MTPA WEST AFRICAN DEVELOPMENT MINE
?
Binding Solutions Ltd has signed an MOU with a development mine in West Africa targeting 30Mtpa capacity.
Phase I includes an early production plan of 1Mtpa, followed by a ramp-up to 12Mtpa capacity in Phase II and 30Mtpa in Phase III. BSL has developed a suitable binder bespoke to the mine’s material source to produce a 65% Fe pellet. BSL is currently conducting furnace trials to test the pellets with a potential end-user.
https://www.bindingsolutions.uk/news
So as the logistics are being worked on for the EPP development, with a plan for conventional pellets to be used initially, we are aware of the relationship to develop cold pelletization for the later stages of the project, to maximise grade and value. Please review the newsflow on Binding solutions website and tell me if you see any synergy of activities at the company.
https://www.bindingsolutions.uk/news
MOU's signed with a number of organisations with particular parity on a project with productivity volumes of a certain West African miner. Recognise the numbers ?
sorry previous post had typo on ref the date....apologies.
With all this reported work at the IP event, scheduling planning and research, please nte that there is another r possible end game.
That once the port and debt relief is sorted, that a JV or buyer comes in and swoops ZIOC away, leaving a big payday for all of us invested. That will be in the £££'s as the resource is massive, groundwork completed and profit for any player to take advantage of.
Good luck all