Submission of Mining Licence Application

RNS Number : 5362G

Zanaga Iron Ore Company Ltd

08 May 2014

 

8 May 2014

Applications for Mining Licence and Environmental Permit Submitted

Zanaga Iron Ore Company Limited (AIM:ZIOC) is pleased to announce that applications for a Mining Licence and an Environmental permit for the Zanaga Iron Ore Project, located in the Republic of Congo, have been submitted to the Ministry of Mines and Geology and the Ministry of the Environment respectively. This follows completion of a Feasibility Study and a Social and Environmental Impact Assessment.

Clifford Elphick, Non-Executive Chairman of ZIOC, commented:

"I am pleased to announce that the next phase of the Zanaga Iron Ore Project has begun, with Mining Licence and environmental permit applications, as well as negotiations on the Mining Convention, forming important steps in preparation for the expected commencement of Front End Engineering and Design in early 2015."

For further information please contact:

Zanaga Iron Ore

Corporate Development and                                                                              Andrew Trahar

Investor Relations Manager                                                                          [phone]

Liberum Capital Limited

Nominated Adviser, Financial                                                                          Simon Atkinson

Adviser and Corporate Broker                                                               and Christopher Britton

                                                                                                                 [phone]

Bell Pottinger

Financial PR                                                                                                                       

                                                                                          Daniel Thöle and Marianna Bowes

                                                                                                                 [phone]

About us:

Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is the owner of 50% less one share in the Zanaga Iron Ore Project based in the Republic of Congo (Congo Brazzaville) through its joint venture partnership with Glencore. The Zanaga Iron Ore Project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer.

 

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