ZANAGA Iron Ore Company has signed a binding term sheet with Red Arc Minerals for a staged investment worth up to $150m in ...

Binding term sheet offers staged funding, a path to majority control of the Zanaga project in DRC, and a 1% royalty.

In the Republic of Congo, the planned Zanaga iron ore mine is expected to produce 12 million tons of iron ore per year in its first phase, requiring an investment of $1.9 billion. Its owner, ZIOC, has ...

Iron prices started off strong at the beginning of 2024, but have since dropped steeply to two year lows. Iron is one of the world’s most important industrial metals, and is primarily used in the ...

China’s latest attempt to stimulate economic growth cannot come fast for Australia’s iron ore industry where second tier miners are being rocked by the falling price of the steel making mineral which ...