# Zanaga Iron Ore to acquire Glencore's stake in Zanaga project

Zanaga Iron Ore Company agreed to acquire Glencore Projects' 50% plus one share interest in Jumelles, which indirectly holds the mining licence for the Zanaga Iron Ore Project in the Republic of Congo, in exchange for a 48.26% stake in ZIOC. The announcement was made on November 23, 2022.

- Type: Acquisition
- Announced: 2022-11-23
- Where: Republic of Congo, Congo - Brazzaville
- Status: announced
- Products: iron ore
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Glencore International AG](https://endata.com/companies/46726.md) (partner)
- [Zanaga Iron Ore Company](https://endata.com/companies/66824.md) (acquirer)
- [Glencore Projects](https://endata.com/companies/66825.md) (target)

## Sources

- [markets.ft.com](https://markets.ft.com/data/announce/full?dockey=1323-15726627-5GETH0PA4511ARDLGQGJDRDVUG), 2022-11-23: "Proposed acquisition by ZIOC of Glencore Projects' controlling shareholding in Jumelles, indirect owner of the Project."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.