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Former Anglo CEOs team up to buy Glencore's iron ore project

Summary by Miningmx
FORMER Anglo American chief executives Tony Trahar and Mark Cutifani have teamed up with a group of investors to buy the Zanaga iron ore project in Republic of Congo (RoC). They will raise an initial $21.5m of which $15m will be used to buy Glencore’s controlling 43% stake in London-listed Zanaga Iron Ore Company (ZIOC), including the offtake and marketing rights connected with its project. The balance of the funds will be put towards corporate …
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Former Anglo CEOs team up to buy Glencore's iron ore project

FORMER Anglo American chief executives Tony Trahar and Mark Cutifani have teamed up with a group of investors to buy the Zanaga iron ore project in Republic of Congo (RoC). They will raise an initial $21.5m of which $15m will be used to buy Glencore’s controlling 43% stake in London-listed Zanaga Iron Ore Company (ZIOC), including the offtake and marketing rights connected with its project. The balance of the funds will be put towards corporate …

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Miningmx broke the news in on Monday, March 3, 2025.
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