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I wonder why Glencore has not filled this seat, perhaps this vacancy is to be filled by an incoming SI, and perhaps the incoming SI is to buy out 43% of Zioc. At what price will Glencore give up its stake in Zioc? All speculation off course. GLA

Well spotted on the other thread by MM. "As a result of the corporate Update"...So it is! "As a result of the planned corporate update the Company will be hosting an event in London..AS A RESULT OF PLANNED CORPORATE UPDATE,,,when? Soon, before the 11th of Feb. Then the briefing,,then the process...

Thanks MM. Well spotted. "As a result of the corporate Update"...So it is! "As a result of the planned corporate update the Company will be hosting an event in London..PLANNED CORPORATE UPDATE

Thanks MM. Good read. IG does offer options trading but limited to US based IG US stocks and derivatives and limited FTSE 100..Certainly, volatility is the mark of options trading. Anyway, perhaps we may well see Zioc suspended pending news, which would be wonderful.

Hi MM, thank you for your analysis, and perhaps, this may well be the case. I noticed across many stocks that seem to suddenly reverse on the said day and time. I wonder who would offer "options' on Zioc for small pi's if they hold stock and buy a sell option? My days of options trading are done and buried. I wonder sometimes why an aim stock on the rise suddenly tuns negative despite being bullish? GLA

BEIJING, Jan 8 (Reuters) – Australia's Fortescue said on Wednesday that it would partner with a wholly-owned subsidiary of China Baowu Steel Group, the world's largest steelmaker, to address challenges in decarbonising the global steel industry.

Fortescue, the world's fourth-largest iron ore supplier, signed earlier this week a memorandum of understanding with Baowu Resources, the company said on its WeChat account.

"We are committed to building a green iron supply chain," the company statement said, quoting Fortescue COO Shelley Robertson.

"The partnership with China Baowu will help further accelerate the development of green iron technology and ensure that we will be able to meet growing demand for green iron in and outside China." Fortescue's green iron project at its Christmas Creek operations in Western Australia is underway and set to produce more than 1,500 metric tons of green iron annually, with first production expected in 2025. The company also aims to make all its iron ore products green by 2030.

The plant will use green hydrogen in a reduction furnace to turn iron ore into sponge iron, which is then processed in an electric smelting furnace to produce high-purity green iron.

Australia, the world's top iron ore exporter, could lose up to half its revenue from the sector if it doesn't ramp up green iron production quickly, as other countries begin producing steel using renewable energy, according to a think-tank's report last November.

Fortescue CEO Dino Otranto said last October that Australia risks losing its dominant position in the global iron ore market if it does not act swiftly to produce green iron.

(Reporting by Amy Lv and Lewis Jackson in Beijing; Editing by Sherry Jacob-Phillips) ((Amy.Lv@thomsonreuters.com;)

BEIJING, Jan 8 (Reuters) – Australia's Fortescue said on Wednesday that it would partner with a wholly-owned subsidiary of China Baowu Steel Group, the world's largest steelmaker, to address challenges in decarbonising the global steel industry.

Fortescue, the world's fourth-largest iron ore supplier, signed earlier this week a memorandum of understanding with Baowu Resources, the company said on its WeChat account.

"We are committed to building a green iron supply chain," the company statement said, quoting Fortescue COO Shelley Robertson.

"The partnership with China Baowu will help further accelerate the development of green iron technology and ensure that we will be able to meet growing demand for green iron in and outside China." Fortescue's green iron project at its Christmas Creek operations in Western Australia is underway and set to produce more than 1,500 metric tons of green iron annually, with first production expected in 2025. The company also aims to make all its iron ore products green by 2030.

The plant will use green hydrogen in a reduction furnace to turn iron ore into sponge iron, which is then processed in an electric smelting furnace to produce high-purity green iron.

Australia, the world's top iron ore exporter, could lose up to half its revenue from the sector if it doesn't ramp up green iron production quickly, as other countries begin producing steel using renewable energy, according to a think-tank's report last November.

Fortescue CEO Dino Otranto said last October that Australia risks losing its dominant position in the global iron ore market if it does not act swiftly to produce green iron.

(Reporting by Amy Lv and Lewis Jackson in Beijing; Editing by Sherry Jacob-Phillips) ((Amy.Lv@thomsonreuters.com;)

Hi Catbert; Thanks . I did to some reading on Arise too. Wide scope of works may include raod and rail and logistics.

Hi MM, Rio Tinto you mean as a SI with Japanese consortium?

I cant help researching or comparing Simandou Mine because perhaps it gives us an idea of how Zioc is likely to pan out with incoming SI. Surely there is a scramble for high grade ore for steel production. If China has cornered their supply, some big names, perhaps, will want to corner their share in high grade ore. EPP gives them a quick turnover as an option before diving into full scale production. Clever Zanaga, they have done well to present this option. All speculation off course from my end. GLA. Glencore are traders and so we can rule them out as SI. They have their agreement, they like offtakes. Germany needs for their steel production high grade as it transits to green production. Thyssen Krupp maybe our SI?

In my opinion, perhaps China is satisfied with its Simandou project. So, if China has the high grade Iron ore, coming into play later this year, who is likely to take Zanaga? Perhaps, Japan or Koran consortium is our likely SI?..

Huge reserves of ore

All this uncertainty made potential investors wary of committing what has turned out to be tens of billions of dollars to the project, despite the estimated presence of more than 2bn tons of iron ore.

The main Simandou reserves are now controlled by two separate consortia. Blocks 3 and 4 are being developed by the Simfer consortium of Rio Tinto and China’s Chalco Iron Ore Holdings (CIOH). The latter is 75% owned by the Aluminium Corporation of China (Chinalco), with Baowu Steel Group (20%), China Railway Construction Corporation (2.5%) and China Harbour Engineering Company (2.5%) holding the remaining equity. Blocks 1 and 2 are controlled by the Winning Consortium Simandou (WCS) of Winning International Group of Singapore (50%), Weiqiao Aluminium (50%) and United Mining Suppliers (nominal shareholding).

...from African Business article: The fact that so many Chinese companies are involved underlines the fact that the lion’s share of the ore produced on the project will be shipped to China, which produces more steel than the rest of the world put together.

AT said at the recent Pro-Inv interview. "a number of EXECUTION MILESTONES" to be announced in the early part of the New Year..I wonder what he meant? Execution means "the carrying out of a plan, order, or course of action." Or death sentence? Execution Milestones means:Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

I wonder.

GLA. Long wait but worth it?

Thanks MM, I must applaud your tenacity here over the years; you kept me going with your research and input. Well searched opinions. Good luck. I have a meagre holding of 500k, unlike others with piles of the stuff, I just dont have the funds in ISA nor the nerve because I lost out through Amur Minerals with the Russion-Ukraine war.

Perhaps, since it is a two-phase/tier production, how likely is it that we as shareholders will be offered a two-tier payment or buyout or special divident...OR is Zioc likely to offer either one-off payment or two-tier payment at the proposed investor briefing? subject to a vote...Whatever is the offer, I am out because being here for over ten years is just too long and I aint getting younger. Elphick et all can stick it out. GLA

Another 2mill...@7.92 showing as sell? However, the SPis holding.

Https://www.ariseiip.com/arise-iip-signs-an-mou-with-the-republic-of-congo/

MOU with ROC

Partner with PIC...

Head Office DUBAI

Plateformes Industrielles du Congo (PIC) in the Republic of Congo is an ambitious project that began construction in November 2022 as a result of a successful Public-Private Partnership (PPP) agreement.

PIC logo

With a total investment of USD 190 million, PIC is poised to attract significant foreign direct investment (FDI) amounting to USD 600 million. This substantial investment is expected to create over 5,000 job opportunities, contributing to the economic development and prosperity of the region. PIC aims to foster industrial growth and diversification, promoting sectors such as timber transformation, food processing, pharmaceuticals, and garment manufacturing.

Location: Pointe Noire and Oyo

Source; News; GLENCORE

LONDON, Oct 7 (Reuters) – Ivanhoe Mines plans to build a copper mine in the Democratic Republic of Congo, as it favours boosting output through organic growth in a sector dominated by deal-making.

The Vancouver-based producer could start building its Western Foreland project over the next three years, and eventually it could be as big as its Kamoa-Kakula mine in Congo, Marna Cloete, president and CEO for Ivanhoe, told Reuters.

Ivanhoe wants to build the Western Foreland mine using its own resources, even as investors flood it with offers for financing and partnerships, said Cloete, a chartered accountant who joined the company in 2006.

Global demand for copper, with uses ranging from power, construction, electric vehicles to artificial intelligence data centres, is forecast to surge at least 60% by 2050 nL8N3HP4D0, according to the International Energy Agency.

Deal-making is not boosting investment in new mines, Cloete said.

Ivanhoe hasn't escaped deal-makers' radar, she said, adding that several different parties had shown interest. Cloete declined to comment on speculation that the Western Foreland project could be jointly developed with Manara Minerals, backed by Saudi Arabia Mining Co , or Ma'aden. Joint ventures would need to have a compelling proposal, Cloete said.

"It's not just always just about money. Is it the right time, the right partner? Once you tick all those boxes then you can entertain a conversation."

Interesting

Turkey's Tosyali to establish integrated iron and steel plant in Angola

15 Aug 2024

ANKARA, Aug 15 (Reuters) – Turkish steelmaker Tosyali Holding said on Thursday that it will form a partnership with Angola's state oil company Sonangol to establish an integrated iron and steel plant.

Tosyali's subsidiary in Angola will reactivate the iron ore mines in the Kassinga region and establish a steel facility in Mocamedes to the south of the capital Luanda as part of the partnership, the company said in a statement.

(Reporting by Ceyda Caglayan, Writing by Huseyin Hayatsever; Editing by Daren Butler) ((Huseyin.Hayatsever @reuters.com;)

New technologies? KoBold...Al Technology...KoBold is already on the ground in Zambia a JV with Tertiary, but they drive a hard bargain...So, we are looking at perhaps KoBold and a consortium as Strategic Partners?...GLA ...

The Company expects to be in a position to repay all of the Glencore Loan on or prior to its due date of 31 July 2024. Independence day for shareholders? A very strong case for Zioc to be debt free and engage strategic partners. Did Chairman say to Glen , hey guys, subscribe to share purchase at this price, you will get your money back and gain in multiples because we have all sorted out? Glen is convinced and they will have done their due dilligence. What know