What's Happening?
Zanaga Iron Ore Company (ZIOC) has completed a series of value enhancement initiatives at its iron-ore project in Congo-Brazzaville. These initiatives, conducted throughout 2025, focused on improving construction,
operations, and the overall economics of the project. The company completed detailed design and costing assessments across four workstreams, including direct reduced iron testwork and a pellet plant feasibility study. The enhancements have identified a potential revenue upside of $11.33 billion over the project's 30-year life, alongside capital expenditure savings of $352 million. These improvements have established a robust engineering and design foundation for the project, positioning it as a world-class iron-ore asset.
Why It's Important?
The completion of these workstreams significantly boosts the economic potential of the Zanaga project, making it more attractive to investors and stakeholders. The identified revenue and cost savings enhance the project's financial viability, crucial for attracting investment in a competitive global market. As the steel industry moves towards decarbonization, Zanaga's ability to supply premium DRI-grade pellet feed positions it strategically within the sector. This development not only strengthens the project's status but also contributes to the broader goal of sustainable resource extraction and economic growth in the region.
What's Next?
Zanaga plans to release an updated assessment of the project's economics in February, which will include results from the process plant front end engineering and design phase. The company is also engaging with strategic investors to secure initial offers, aiming to announce transaction terms with a selected investor in the first quarter of 2026. These steps are part of Zanaga's strategy to advance the project through the FEED phase, optimizing its development pathway for value creation and sustainability.
