Bellzone Mining dispatches first shipment from Forecariah

Bellzone Mining announced Thursday the first shipment of iron ore was dispatched from its Forecariah joint venture with China International Fund in the Republic of Guinea, West Africa.

The shipment was made on Wednesday and further details will be released on January 3rd, the company said in a statement.

The Forecariah iron ore mine began production in May 2012, with plans to ramp up the operation in the New Year.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

Bellzone is an exploration and resource development company with iron ore and nickel and copper permits in the Republic of Guinea. The AIM-listed company has a market capitalisation of £104.07m.

Shares fell 1.72% to 14.25 at 9:18 Thursday.

RD