Bellzone Mining PLC

West African iron-ore miner completes US$133 million placement

Michael Allan McCrae | March 2, 2011
Excavator titling up mining

Bellzone Mining announced on Tuesday that it had completed a US$133 million placement of 102 million ordinary shares. Canaccord Genuity Limited was the lead manager.

Bellzone, an AIM-listed company, is developing two iron ore and nickel/copper assets in Guinea, West Africa. The Kalia iron deposit, a 50mtpa iron ore operation, is the company's flagship project.

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