Zanaga Strengthens Broker Line-Up to Advance Iron Ore Project

Zanaga Iron Ore Co Ltd has announced a strategic enhancement of its broker line-up with the appointment of Tamesis Partners as a joint broker, a move that reflects the company’s growing momentum as it advances its flagship Zanaga iron ore project. This decision is intended to strengthen market engagement and advisory capacity at a critical stage, as the project moves closer to its anticipated construction phase. The appointment underscores Zanaga’s focus on ensuring robust investor communication and capital markets support during this period of accelerated development.

Under the updated advisory structure, Panmure Liberum continues in its established role as nominated adviser and joint broker, while Shard Capital remains engaged as a joint broker. The addition of Tamesis Partners brings further specialist mining and emerging markets expertise to the table, broadening the company’s reach within the investment community. Zanaga’s management views this expanded broker team as an important step in aligning financial strategy with the technical and operational progress being achieved at project level.

The Zanaga Project itself is widely described as a globally significant iron ore development opportunity. Located in the Republic of Congo, the project hosts a large-scale iron ore deposit with the potential to support long-life production. Ongoing technical work is focused on producing a high grade pellet feed product that is suitable for use in direct reduced iron processes. This product specification is increasingly sought after by steelmakers looking to improve efficiency and meet stricter environmental standards.

Importantly, the project’s technical direction aligns with cleaner steelmaking routes that aim to reduce carbon emissions. Direct reduced iron is gaining traction as a lower-emissions alternative to traditional blast furnace methods, particularly when combined with renewable energy sources. Zanaga’s ability to supply high quality iron ore feedstock positions the project well within this evolving global steelmaking landscape, potentially enhancing its strategic relevance to both industrial partners and long-term investors.

From a broader perspective, Zanaga’s strengthened broker line-up and technical progress could have meaningful implications for the mining and industrial development of the Republic of Congo and the wider African iron ore sector. Improved investor awareness and access to capital may accelerate project development, supporting infrastructure investment, job creation, and export revenues. As global demand shifts toward cleaner industrial inputs, projects such as Zanaga could play an increasingly important role in linking Africa’s mineral resources with future-focused, lower-carbon value chains.

Mini-Glossary

• Joint broker: A financial institution appointed to help a company raise capital, communicate with investors, and support trading in its shares.
• Nominated adviser: A regulatory adviser required for certain stock markets, responsible for guiding a company on compliance and governance.
• Pellet feed: Finely ground iron ore used to produce pellets, which are a key input in steelmaking processes.
• Direct reduced iron: A method of producing iron without melting ore in a blast furnace, resulting in lower carbon emissions.
• Flagship project: A company’s most important or advanced development asset.

Editor: Vural Burç ÇAKIR