The International Resource Journal: Bellzone Mining moves towards AIM with US$100 funds

Bellzone Mining moves towards AIM with US$100 funds
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admin on 08 March, 2010 07:19:00
 
IRJ Mar 8 - Bellzone Mining, an iron ore operator and explorer currently working
in West Africa, plans to make its debut on the AIM with US$100 million in
fundraising. The company states that these funds through fundraising and public
listing will enable it to accelerate its drilling programme upgrade and reach
new JORC- compliant resources and complete its Bankable Feasibility Study for
its currently 2.4bn tonnes JORC Kalia project in Guinea.
The company, which intends to list as ‘BZM,’ reports that this marks a
significant milestone in its journey to becoming a significant iron ore producer
and reach its 50 tonnes per annum iron ore production target.