Last 18.50 GBp
Change Today 0.00 / 0.00%
Volume 23.8K
ZIOC On Other Exchanges
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As of 11:35 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

zanaga iron ore co ltd-di (ZIOC) Snapshot

Open
18.50 GBp
Previous Close
18.50 GBp
Day High
18.50 GBp
Day Low
18.50 GBp
52 Week High
09/13/13 - 33.00 GBp
52 Week Low
07/31/13 - 10.25 GBp
Market Cap
51.6M
Average Volume 10 Days
50.8K
EPS TTM
-0.02 GBp
Shares Outstanding
278.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for ZANAGA IRON ORE CO LTD-DI (ZIOC)

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zanaga iron ore co ltd-di (ZIOC) Details

Zanaga Iron Ore Company Limited engages in the exploration and development of mineral properties. It holds interest in the Zanaga Iron Ore Project located in the Republic of Congo. The company was formerly known as Jumelles Holdings Limited and changed its name to Zanaga Iron Ore Company Limited in October 2010. Zanaga Iron Ore Company Limited was incorporated in 2009 and is based in Road Town, British Virgin Islands.

Founded in 2009

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zanaga iron ore co ltd-di (ZIOC) Key Developments

Zanaga Iron Ore Company Limited Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2013

Zanaga Iron Ore Company Limited reported audited consolidated earnings results for the full year ended December 31, 2013. For the year, operating loss was $6,792,000 against $5,835,000 a year ago. Loss before tax was $6,695,000 against $5,681,000 a year ago. Loss for the year was $6,753,000 or $2.4 per basic and diluted share against $5,728,000 or $2.1 per basic and diluted share a year ago. Net cash from operating activities was $6,093,000 against $5,477,000 a year ago. Acquisition of property, plant and equipment was $11,000 against $90,000 a year ago.

Zanaga Iron Ore Company Limited Announces Results of the Feasibility Study

Zanaga Iron Ore Company Limited announced the results of the Feasibility Study which confirms attractive economics of the Zanaga Iron Ore Project, located in the Republic of Congo. The FS, managed by ZIOC's joint venture partner Glencore Xstrata plc, has been completed on the basis of a staged development of the Project. Stage One consists of a 12Mtpa operation, with Stage Two expanding the operation by a further 18Mtpa to produce a total 30Mtpa of high quality iron ore product over a 30 year mine life. Transportation to port will be via slurry pipeline in both stages, which facilitates the low cost delivery solution. The Stage One development has been designed as a standalone business case, presenting highly attractive economics. The initial cash flows and project returns are maximised by commencing mining of the higher grade near surface ore for the first eight years of operation. The development of Stage Two has robust economics and has been nominally scheduled to suit the project mine development, construction timing and forecast cash flow generation. The staged development approach adopted by Glencore in the FS has demonstrated significant advantages over the Pre-Feasibility Study announced in November 2012, which considered a single stage 30Mtpa development at a capital cost of $7.5 billion. In comparison, the revised staged development approach has resulted in major improvements through substantial reductions in capital costs, lower capital and execution risk, and maximised capital returns. Development costs of the project have been reduced to $2.2 billion for the Stage One operation, and $2.5 billion for the Stage Two expansion, while ultimately achieving the same 30Mtpa production scale presented by the PFS. Bottom quartile operating costs presented by the PFS have been maintained. In addition, the Stage One operation demonstrates the potential to self-finance the Stage Two expansion through project cash flows, thereby limiting the level of additional equity required. Stage One 12Mtpa initial operation - $32/t FOB bottom quartile operating costs including royalty - $2.2 billion capital expenditure - Premium quality 66% Fe content iron ore pellet feed product - Stage Two expansion to 30Mtpa operation - $2.5 billion capital expenditure for additional 18Mtpa production - $26/t FOB bottom quartile operating costs including royalty - Premium quality 67.5% Fe content iron ore pellet feed product - Benefits of Staged Development - Lowers capital and execution risk - Reduces financing requirements - Maximises return on capital - Mining Licence Application submitted and Environmental Permit Application submitted, following completion of the Social and Environmental Impact Assessment.

Zanaga Iron Ore Provides Project Feasibility Study Update

Zanaga Iron Ore Company Limited announced to shareholders that the Feasibility Study on the Zanaga Iron Ore Project, located in the Republic of Congo, is currently in the final stages of completion and the results are expected to be published in early May 2014.

 

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