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Zanaga Iron Ore ( (GB:ZIOC) ) has shared an announcement.
Zanaga Iron Ore Company Limited announced that Clifford Elphick, the Non-Executive Chairman, sold 2,467,443 ordinary shares previously awarded as part of his remuneration. Despite this sale, Guava Minerals remains a significant shareholder with 9.60% of the company’s issued share capital. This transaction highlights the ongoing strategic management of shareholdings within the company, potentially impacting stakeholder perceptions and market positioning.
More about Zanaga Iron Ore
Zanaga Iron Ore Company Limited is an iron ore exploration and development company, with its flagship asset being the 100% owned Zanaga Iron Ore Project located in the Republic of Congo. The project boasts a significant 6.9 billion tonne resource and a 2.1 billion tonne reserve, with plans for a 30Mtpa production of high-grade DRI pellet feed. The company is well-positioned to capitalize on the increasing demand for high-quality, low-impurity iron ore, supported by low operating costs and an efficient slurry pipeline to the port.
Average Trading Volume: 643,969
Technical Sentiment Signal: Buy
Current Market Cap: £63.26M
See more data about ZIOC stock on TipRanks’ Stock Analysis page.