Concept study shows potential to lower capital cost at Zanaga project

A concept study on the viability of a floating dewatering, storage and offloading port facility (FDSO) at Aim-listed Zanaga Iron Ore Company’s (ZIOC’s) Zanaga project, in Congo-Brazzaville, has demonstrated the potential for a $184-million reduction in capital costs. There is no change expected to operating cost, but there is significant net present value and internal rate of return improvement, the company states.