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Https://www.woodmac.com/press-releases/creation-of-minerals-super-region-could-make-africa-middle-east-and-south-asia-global-leaders-in-energy-transition/

The Simandou project puts more pressure on Vale from investors, who want quick answers from the company showing how it will increase its [iron ore] production,” said Martins.

Https://www.bnamericas.com/en/news/brazils-vale-faces-growing-pressure-to-expand-iron-ore-production

Vale has lost a lot of ground in global iron ore production and perhaps to recover this lost ground it will have to look at iron ore assets outside the country,” Tito Martins, a former Vale executive and ex-CEO of Nexa Resources, told BNamericas.

Royston, I see it as positive. Highlights the value of Zanaga's high grade ore. I think different countries are trying to secure mineral resources too hence the demand is there for Simandou and Zanaga. The feeling is Saudi Arabia, Japan and obviously China are all after more high grade iron ore even with Simandou being developed.

funny how articles keep saying there is nothing like simandou elsewhere. there is! zanaga has the high grades which are in high demand too. when will a journalist write about that i wonder. i saw an article saying ****stan and saudi a are doing a deal on a copper asset at the fmf. shows it is the venue for deal making.

Saudis announce a buyout of Zanaga this week....that is the dream!

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https://www.ft.com/content/80f37963-c718-4f8b-8d77-0f0d5b1c99fe

The difference between 2016 and today is that Simandou’s high-grade ore is now even more attractive, given the need to decarbonise steelmaking, according to Baatar.

“The fundamental shift in the last number of years has been that the world is far more in agreement on climate change,” he said.

The steelmaking process, which usually uses coke to produce iron from ore in a blast furnace and then turn it into steel, is highly carbon-intensive, producing about 8 per cent of global carbon emissions.

To cut emissions, the industry is exploring alternative approaches, such as direct reduced iron technology in which the ore is treated using hydrogen and carbon monoxide, rather than coke. Such processes require high-grade iron ore, which is increasingly hard to find in large quantities.

The ore Rio Tinto plans to extract from Simandou has an average iron content of greater than 65 per cent, among the highest in the world. Baatar calls it the “caviar of iron ore”.

You don't think the 5th biggest iron ore mine in the world if worth more than 50p per share...I know you're in on a T20 punt Duster but come on do a bit more research Sir.

I have been reading through old Zanaga presentations too. I came across an article whereby a Citigroup analyst felt the mostly likely partner option would be the new partner buying Zanaga's half of the project and working with Xstrata (Glencore now). Obviously Zanaga now has full ownership but I wonder if a similar outcome could still happen, 50% sold to the new strategic partner etc. Could be they are waiting for that before putting Marty Knauth on the board. Share price would rocket, funding would be secured to take the mine to development. Glencore are happy, we are happy etc.

Https://www.proactiveinvestors.co.uk/companies/news/37181/zanaga-iron-ore-company-looks-to-capitalise-on-world-class-discovery-44465.html

If...IF...this project is finally about to come to life, our 64m odd market cap is going to explode.

They could still release after close or 7am tomorrow. Good to see activity today.

So we think tranche 3 has been done as well as 2? There should be an RNS in the morning if so. Praying we all get 100p plus!

9.2m trade! F HELL

Yeah Shard are hammering it today...I hope the corporate lawyer fees theory is correct.

Problem is they are not getting a good price again for these shares by doing it so quickly. I don't like Shard and this method raising money. No point investing if they stifle the share price every time good news is released.

ET - Did AT come back to you or still silent?

Bizarre situation. Share price should be firing. Makes it clear a full buyout is needed.

The Baosteel buyout of Aquila and the West Pilbara iron ore project was mentioned in the Zanaga presentation back in 2015. Just wondering of people see a similar outcome here and if it is a fair comparison to use?

Morning ET,

Thanks for this, it's good that they at least interacted with you. I think the questions show you are well researched and they must know there is a big group of us all with big stakes and following this closely.

The whole Saudi trip for Christmas is very intriguing. From a family point of view that was a big sacrifice from the team there. I hope there is a deal in the background and that is the reason they haven't called back.

So is that saying deal done by then basically? That's my initial reaction. What do you think Marcus?

Https://english.news.cn/20240101/a1e840b648804ecabad40a0f3f977ddf/c.html

''We are from 2024 a mining nation... we are going to see regional explosion of the industry."