Name and Location
Zanaga iron-ore project, Republic of Congo.
Client
The project is a joint venture between Xstrata (50% plus one share) and the Zanaga Iron Ore Company (50% less one share).
Project Description
The Zanaga project is located 30 km west of Zanaga, a regional centre of the Lekoumou department of the Republic of Congo.
The project has probable ore reserves of 2.5-billion tons at 34% iron. A prefeasibility study (PFS) completed on the project has recommended that the optimum scope of work for the initial development of the project’s mineral resource comprise an openpit, low-strip mine operation and a concentrator. This will produce 30-million dry tons a year of high-quality, 68%-iron-content product over a mine life of more than 30 years.
Value
The PFS has estimated capital expenditure at $7.4-billion.
Duration
Not stated.
Latest Developments
The project is undergoing a feasibility study, which is expected to be completed by the second quarter of 2014.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Zanaga Iron Ore Company corporate development and investor relations manager Andrew Trahar, tel +44 20 7399 1105 or email info@zanagairon.com.
Xstrata, tel +41 41 726 6070 or email info@xstrata.com.