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Bellzone nears first production

Bellzone Mining remains on course for production in the first quarter of 2012. With the share price down significantly this year, investors have a second chance to buy into the company
October 13, 2011

Iron ore developer Bellzone Mining has made great strides forward since introducing China International Fund as its joint venture partner in Guinea. Bellzone had cash of $230m (£142m) at the end of August, which is enough to bring the Forécariah joint venture into production, expected in the first quarter of 2012, and complete the bankable feasibility study on the flagship Kalia project.

IC TIP: Buy