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Zanaga Iron Ore ( (GB:ZIOC) ) has issued an update.
Zanaga Iron Ore Company Limited has announced the appointment of Martin Knauth as Chief Executive Officer and Phil Mitchell as Non-Executive Director to its Board of Directors. Martin Knauth, who has been serving as CEO since November 2023, brings over 30 years of experience in the mining industry, with a proven track record in project development and transformational growth. Phil Mitchell, formerly of Rio Tinto, joins the board as a representative of Greymont Bay following its recent investment in the company. These appointments are expected to strengthen the company’s leadership during a pivotal period, as it continues to focus on high-impact value improvement outcomes for the Zanaga Project.
More about Zanaga Iron Ore
Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is an iron ore exploration and development company, primarily focused on its flagship asset, the Zanaga Iron Ore Project in the Republic of Congo. The project is a world-class asset with a 6.9 billion tonne resource and a 2.1 billion tonne reserve, designed for high-grade pellet feed production. With all key permits in place, Zanaga is positioned to capitalize on the growing demand for high-quality, low-impurity iron ore, leveraging low operating costs and a cost-efficient slurry pipeline to the port.
YTD Price Performance: -7.66%
Average Trading Volume: 1,073,896
Technical Sentiment Signal: Hold
Current Market Cap: £58.58M
See more insights into ZIOC stock on TipRanks’ Stock Analysis page.