Zanaga Iron Ore Company Limited
ZNGGF
Other OTC0.07
USD
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Zanaga Iron Ore Company Limited
ZNGGF
(Other OTC)
Recent
price
0.07
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Zanaga Iron Ore Company Limited Zanaga Iron Ore Company Limited is an exploration and development company focused on iron ore projects, holding a 100% interest in the Zanaga Iron Ore Project located in the southwest of the Republic of Congo near the Gabon border, approximately 300 km northeast of the port city of Pointe-Noire; the project features a 6.9 billion tonne mineral resource and 2.1 billion tonne ore reserve, designed for staged development with Stage One targeting 12 million tonnes per annum of high-grade 66-68% Fe iron ore pellet feed concentrate at lowest-quartile operating costs of around $27 per tonne, expandable via Stage Two by 18 million tonnes per annum to a total 30 million tonnes per annum over a 30-year mine life, utilizing open-pit mining, crushing, processing via haematite and itabirite circuits, and slurry pipeline transportation to a dedicated port for export primarily to global steel markets. Incorporated in the British Virgin Islands with headquarters in Road Town, Tortola, the company listed on London's AIM market in November 2010 under the symbol ZIOC. In August 2025, Zanaga Iron Ore announces a revised development strategy for the project, shifting to produce Direct Reduced Iron-grade concentrate for low-carbon iron pellets to align with steel industry decarbonization, following confirmatory metallurgical tests and a 2024 feasibility study update that boosted net present value by 37%, raised internal rate of return to 26.7%, and lowered costs, with updated capital and operating figures expected by year-end 2025; all key permits including the mining licence, environmental permit, and mining convention remain secured from the Republic of Congo government.