The Zanaga Iron Ore Project

Location

Map

The Zanaga Project is focused on the staged development and construction of a world class iron ore operation, comprising an open pit mine, a concentrator, a slurry pipeline and ultimately port infrastructure to produce and export high grade iron ore over a mine life in excess of 20 years.

The world class project is located in the south west of the Republic of Congo, close to the border with Gabon and approximately 300 km northeast of the port city of Pointe Noire and 250km northwest of the capital Brazzaville.

Staged Development

In September 2013, the joint venture partners, ZIOC and Glencore Xstrata, announced a revised scope for the Project, which will now be advanced on a staged basis. Stage 1 is planned to be a 12Mpta slurry pipeline with up to an additional 2Mtpa direct ore shipping operation that will produce a high grade Fe product with attractive operating costs. Subsequent expansion to 30Mtpa would be envisaged in Stage 2. The initial capital requirement for Stage 1 is estimated at $2.5-3.0 billion, making the project economically robust and financeable.

The Feasibility Study is expected to be completed during Q2 2014 and will form the basis for an application for a Mining Exploitation Licence.

For further information on the Staged Development plan, please click here for the detailed presentation.

Project Highlights

  • Largest discovered iron ore reserve in Africa – 2.5Bt Probable Reserve within 6.8Bt Mineral Resource (inclusive of Ore Reserves)
  • Staged development to enhance the deliverability and financeability of the Project
  • Stage 1 targeting 12Mtpa slurry pipeline and additional 2Mtpa DSO operation
  • High quality iron ore product expected
  • Globally competitive forecast operating costs
  • World class partner in Glencore Xstrata
  • >US$300m spent on the Project (to 31 June 2013)

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