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Highlights:
- Zanaga Iron Ore Co Ltd (LSE:ZIOC) partners with Arise Integrated Industrial Platforms for port infrastructure development.
- Infrastructure will support the Zanaga Project’s iron ore exports via a Special Economic Zone (SEZ) at Pointe-Noire.
- Collaboration includes engineering, maintenance agreements, and capital return for export facilities.
Zanaga Iron Ore Co Ltd (LSE:ZIOC) has signed a Memorandum of Understanding (MoU) with Arise Integrated Industrial Platforms, setting the stage for advanced infrastructure development critical to the Zanaga Iron Ore Project in the Republic of Congo.
Strategic Partnership for Export Facilities
The agreement will focus on creating essential onshore and offshore infrastructure to facilitate iron ore exports. Arise, a leader in industrial ecosystem development across Africa, is spearheading the establishment of a Special Economic Zone (SEZ) at Pointe-Noire, where the Zanaga Project’s concentrate-handling facilities will be hosted.
Arise brings its expertise in the design, financing, and operation of interconnected infrastructure to the collaboration, ensuring that the facilities meet world-class standards for efficiency and sustainability.
Key Elements of the MoU
The partnership outlines several strategic objectives:
- Completing engineering works for utilities and export infrastructure.
- Defining a comprehensive services agreement for SEZ leasing and facility maintenance.
- Establishing a capital return mechanism to facilitate infrastructure investment.
The SEZ will provide logistical and operational advantages for the Zanaga Project, positioning it as a cornerstone of regional economic development.
Leadership Statements
Clifford Elphick, chairman of ZIOC, emphasized the significance of the partnership, stating, “The Zanaga Project has now entered into an exciting new phase. This collaboration with Arise paves the way for essential port export facilities, developed by a leading port developer, financier, and operator.”
Martin Knauth, chief executive of ZIOC, echoed this optimism: “Arise has an excellent track record in developing bulk minerals ports in West Africa. This partnership marks a major milestone for the Zanaga Project, and we are focused on advancing the Mineral Export Facility toward a construction decision, alongside the project’s mine and infrastructure development.”
Zanaga Project Overview
As one of the world's largest iron ore reserves, the Zanaga Project boasts a JORC-compliant resource of 6.9 billion tonnes, including 2.1 billion tonnes in reserves. With this partnership, ZIOC aims to enhance its logistical capabilities, ensuring a streamlined path to global markets for its high-grade iron ore.
The collaboration with Arise represents a transformative step in unlocking the full potential of the Zanaga Project, aligning it with regional development goals and global demand for iron ore.
