By: African Mining Market

Zanaga Iron Ore Co Ltd. is steering its ambitious iron ore project in the Democratic Republic of Congo toward a hopeful future. In its latest annual report, the AIM-listed company revealed a pivotal moment in 2025 that could reshape its journey.

The company announced a strategic alliance with Red Arc Minerals (RAM), a private investment firm ready to inject up to US$25 million for a 20% stake in Zanaga’s project-holding subsidiary, Jumelles. RAM holds an option to increase its ownership to 87.5% by investing an additional US$125 million. This partnership creates a clearer runway toward a construction decision projected for 2027.

Despite a comprehensive loss of US$7.2 million in 2025, Zanaga’s future looks brighter thanks to new funding and promising findings. Project work uncovered potential life-of-mine cash cost savings of US$2.2 billion and confirmed the ability to produce premium iron ore concentrate, boosting revenue potential by over US$11 billion. With a massive resource base of 6.9 billion tonnes and all key permits secured, the project stands ready for the next chapter.

As Zanaga moves forward, the strategic investment and solid groundwork set the stage for growth and opportunity in the years to come, promising a vital role in the global iron ore market.