Bellzone Mining claims Guinea project on schedule
Bellzone Mining, the company aiming to build Guinea's first commercial iron ore mine, says the project remains on schedule.
Bellzone Mining, the company aiming to build Guinea's first commercial iron ore mine, says the project remains on schedule.
At the mine itself key staff are in place and explosives permits and contracts have been organised.
The road Bellzone is building to get its product to market remains on schedule for completion by February 2012.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company also says Konta port will be in a fit state for loading and export by the end of March.
Bellzone says it has identified two million tonnes of high grade material at the site, but with possible additional resources of several million tonnes more, subject to verification.
Nik Zuks, the Chief Executive of Bellzone said: "We continue to meet our construction and commissioning schedule and subject to approvals will see the project in a position to start production in Q1 2012."
Today's update has seen the stock gain 2.5% although over the last 12 months the share price is down 49%.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
What is the 25x retirement rule and does it work?
The 25x retirement rule has been around for decades but many experts question if it is a suitable strategy
-
When is the self-assessment tax return deadline?
If you are self-employed, rent out a property or earn income from savings or investments, you may need to complete a self-assessment tax return. We run through the deadlines you need to know about