JOHANNESBURG (miningweekly.com) – The Ministry of Environment of the Republic of Congo (RoC) has granted Aim-listed Zanaga Iron Ore Company (ZIOC) an environmental permit for its Zanaga project.
The permit covers the project's first phase of development, which is expected to produce 12-million tonnes of iron-ore.
The receipt of the permit is a significant milestone in the advancement of the project, together with its Mining Convention and Mining Licence. The project team will now seek to advance the appropriate port and power arrangements with the relevant bodies in the RoC.
While the company is encouraged by improving iron-ore market conditions, the development of the first phase of the project will depend on it securing financing.
“I am pleased that the Zanaga project has been awarded its environmental permit and would like to thank the Ministry of Environment of the RoC for its diligence in reviewing the extensive work completed by the project team.
“Obtaining the environmental permit will assist us in our efforts to advance the Zanaga project and attract finance to enable this valuable resource to be brought into production,” commented ZIOC chairperson Clifford Elphick.