Aim-listed Zanaga Iron Ore Company (ZIOC) has entered into an agreement with Glencore subsidiary Glencore Projects to acquire their controlling interest in the Zanaga iron ore project in Congo-Brazzaville.
It will do so by purchasing Glencore Project’s 50% plus one share interest in Jumelles, a company that indirectly holds the benefits of the project’s mining license, for a minority interest in ZIOC.
ZIOC owns 50% minus one share in the Zanaga project…
