Our journey

2025

Confirming ability to produce high-grade Direct Reduced Iron (“DRI”) pellet feed product following laboratory confirmation from the metallurgical test work and process flow sheet optimisation.
ZIOC completed the buyback of Glencore’s shares and the termination of all relationship agreements with Glencore.
The buyback of Glencore’s shares was backed by a group of investors with extensive experience in the mining sector, project and infrastructure development, and robust connections in the Republic of Congo.

ZIOC and Glencore negotiated for a single company to own 100% of MPD Congo to facilitate raising the necessary funds for the construction phase of the Zanaga Project.
In December 2022, ZIOC acquired full ownership of the BVI and Mauritius Jumelles Companies, and consequently, 100% of the MPD Congo Company.

In 2013, Glencore merged with Xstrata.
MPD Congo was owned by Glencore with 50% +1 shares and by ZIOC with 50% -1 shares, and it remained listed on the AIM Market in London.

Zanaga Iron Ore Company is listed on the London Stock Exchange.
The sole shareholder of MPD Congo is Jumelles Mauritius, which is 100% owned by Jumelles BVI.
Jumelles BVI held 50% of the shares plus one by Xstrata Projects Pty Ltd (Xstrata), a subsidiary of the Swiss mining group Xstrata. Jumelles’ other shareholder, with 50% of the shares minus one, is Zanaga Iron Ore Company (ZIOC), a company listed on the London Stock Exchange.
Xstrata committed up to US$106 million to the Company to fund a PFS for the Zanaga Project. After completing the PFS, Xstrata had the option to invest at least US$100 million or carry out the BFS itself.

Technical studies on the project’s development began in 2009, with a concept study and subsequent scoping study exploring different options for resource development

Zanaga Project started being developed by Mining Project Development Congo (MPD Congo).
Intense exploration under the ownership of MPD Congo commenced.

Iron occurrences were believed to have first been discovered at the Zanaga Project location in 1939 and were officially reported by the French Geological Survey in 1954.
During the 1950s and 1960s, several exploration programs were undertaken within the current Zanaga Licence Area.