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Market: AIM
Sector: General Mining - Iron Ore and Bauxite
EPIC: BZM
Latest Price: 4.69p  (9.98% Ascending)
52-week High: 23.50p
52-week Low: 3.30p
Market Cap: 34.25M
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Bellzone Mining
www.bellzone.com.au
Deal Bellzone Mining Tax Free* Losses can exceed
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Bellzone’s flagship Kalia Iron Project has achieved its maiden inferred JORC of 2.4 Billion tonnes. Preliminary Whittle pit optimisation and continued drilling have shown the potential for a 14 Billion tonne resource over the 40 km Banded Iron strike. The iron ore resource is located approximately 360 km east of the capital,...

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Bellzone Mining starts loading of iron ore barge shipments at Forécariah

July 05 2012, 9:34am Bellzone Mining remains on track to begin first iron ore sales from Forécariah in the third quarter this year

Bellzone Mining (LON:BZM) announced that loading of first iron ore from the Forécariah mine in Guinea into the barges has now stared at the port of Konta.

The barges will transport the iron ore to the transhipping Panamax vessel, FGM Iron, located 15 kilometres off the coast.

The company will now commission the marine trans-shipping system with first shipment to international customers expected in the third quarter of the year.

Production at the Forécariah, which is developed in a joint venture with China International Fund, started in May. The partners expect to ramp up production to a rate of 3-4 million tonnes per annum this year.

Bellzone’s flagship Kalia mine in Guinea is expected to start iron ore and iron ore concentrate production in 2015 at a rate of 50 million tonnes per annum

Kalia currently has a JORC standard compliant resource of 1.5 billion tonnes of contained iron.

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