Zanaga Iron Ore Co Upgrades Economics of Republic of Congo Project with $11.33 Billion Revenue Potential
Zanaga Iron Ore Co Ltd has enhanced the economics of its Republic of Congo project, projecting an $11.33 billion revenue increase and $352 million in capital expenditure savings through four value enhancement initiatives. The project’s iron ore grades, ranging from 68.5% to 69.1%, position it as a potential supplier for the low-carbon steel market, while structural improvements aim to mitigate long-term operating risks and environmental complexities. Further updates are anticipated in February 2026.
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Zanaga Iron Ore Co Ltd has upgraded the economics of its iron ore project in the Republic of Congo following four value enhancement initiatives. These initiatives could add $11.33 billion in life-of-mine revenue, a 16% increase compared to the 2024 feasibility study.
Estimated capital expenditure savings are projected at $352 million, with total cash cost reductions of $2.24 billion over the project's lifespan. Test results confirm iron ore grades of 68.5% to 69.1%, meeting the requirements for direct reduced iron feed, positioning Zanaga as a potential supplier for the low-carbon steel market.
Structural improvements include a single 30 million tonne per annum pipeline and the use of thickened and dry-stack tailings, aimed at reducing long-term operating risks and environmental complexity. Further updates are expected in February 2026.
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