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.
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
-
Best places to live in England and Wales in 2026 – and how much they costCriteria like value for money, natural beauty, good schools, jobs and a high quality of life are key for those looking at areas to buy a house – but how much will it cost you to live in a high ranking town or city? We reveal the best places to live in England and Wales.
-
London house prices: Is the capital's property boom over?Buyers and investors have always been drawn towards the capital’s property market. But as house prices stall, is the market as lucrative as it once was and are buyers and investors still interested?
