Zanaga Iron Ore Partnership with CEC to Enhance Project Power Solutions

Zanaga Iron Ore ( (GB:ZIOC) ) has issued an announcement.

Zanaga Iron Ore Company (ZIOC) has signed a memorandum of understanding with Centrale Électrique du Congo (CEC) to explore power solutions for the Zanaga Iron Ore Project in the Republic of Congo. This partnership aims to address significant challenges in power and infrastructure, enhancing the project’s feasibility and supporting its expansion plans to reach a production capacity of 12 million tons of iron ore per year. ZIOC’s collaboration with CEC, a major power provider in Congo, signifies progress in securing necessary resources for the project’s development stages.

More about Zanaga Iron Ore

Zanaga Iron Ore Company Limited (ZIOC) is an iron ore exploration and development company focused on the Zanaga Iron Ore Project in the Republic of Congo. The project is poised to become a major producer of high grade premium pellet feed iron ore, aligning with global trends towards low-carbon steel production. The company holds the necessary licenses and permits for its operations.

YTD Price Performance: 8.32%

Average Trading Volume: 1,113,047

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £55.42M

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