Zanaga Iron Ore Co Ltd 2024 AR2
The report details Zanaga Iron Ore Company's progress on its flagship Zanaga Iron Ore Project in the Republic of Congo during 2024. Key achievements include the completion of the 2024 Feasibility Study update, which confirmed the robust economics of the 30Mtpa development project. The company also successfully completed metallurgical test work confirming the project's ability to produce high-grade Direct Reduction Iron (DRI) pellet feed. Additionally, a strategic fundraise in early 2025 enabled the buyback of Glencore's entire 43% shareholding, making the company debt-free and providing working capital for future development. On the ESG front, the company maintained its record of zero lost time injuries and continued supporting local community health and education initiatives.
Company: Zanaga Iron Ore Co Ltd
Sector: Materials
Country: Virgin Islands (British)
Year: 2024
Type: AR2
Pages: 97
Zanaga Iron Ore Co Ltd
Annual Report And Accounts
The report details Zanaga Iron Ore Company's progress on its flagship Zanaga Iron Ore Project in the Republic of Congo during 2024. Key achievements include the completion of the 2024 Feasibility Study update, which confirmed the robust economics of the 30Mtpa development project. The company also successfully completed metallurgical test work confirming the project's ability to produce high-grade Direct Reduction Iron (DRI) pellet feed. Additionally, a strategic fundraise in early 2025 enabled the buyback of Glencore's entire 43% shareholding, making the company debt-free and providing working capital for future development. On the ESG front, the company maintained its record of zero lost time injuries and continued supporting local community health and education initiatives.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Jul 10, 2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Workplace Fatalities