MPD Congo

Ticker: Private/unlisted
Website: N/A
Project Location: Congo
Commodity Exposure: Iron Ore

Company Description: MPD Congo is an iron ore exploration and development company, incorporated in the Republic of Congo also known as Congo-Brazzaville. MPD Congo main asset is the Zanga Iron Ore Project located in the Lekoumou department. Since December 2022, Zanaga Iron Ore Company Limited (ZIOC) own 100% of MPD Congo. ZIOC is a company listed on AIM since November 2010.

The Zanaga iron ore Project is designed to be advanced on a staged development basis. This results in reduced capital costs, lower execution risk, and maximized capital returns for the Project. The Stage One development consists of a 12Mtpa operation, with Stage Two expanding the operation by a further 18Mtpa to produce a total 30Mtpa of high-quality iron ore product over a 30 year mine life. Transportation to port will be via slurry pipeline in both stages, which facilitates the low-cost delivery solution. The Project enjoys the benefit of having already secured its Mining Licence, Environmental Permit and Mining Convention from the Government of Republic of Congo.