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Bellzone Regulatory News (BZM)



Regulatory News for Bellzone (BZM)


Share Price: 0.251Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Bellzone
Spread: 0.00Spread as %: 0.00%Open: 0.251High: 0.00Low: 0.00Yesterday’s Close: 0.251





Corporate Update

Mon, 11th Jun 2018 09:45

RNS Number : 9565Q
Bellzone Mining PLC
11 June 2018
 

 

 

Bellzone Mining plc

 

Corporate Update

 

Bellzone Mining plc ("Bellzone" or the "Company") (AIM: BZM) informs that it has commenced active dialogue with a number of separate and non-related parties to explore options to maximise the present value of its major assets. These include the Company's Konta Port, the ferronickel project previously detailed and the principal Kalia iron ore project.

Konta Port was built over 3 years for an approximate cost of US$120m and has an installed bulk commodities capacity of 4 million tons per annum ('mtpa') with a footprint and berth capable of extension up to 10 mtpa. It has been successfully used for several iron ore exports in 2012-13 and constitutes a viable and rare port facility for both imports and exports. There is a shortage of port infrastructure for large bulk volume in Guinea and an increase in mining activity, as demand for a number of minerals increases, further enhances the potential value of this asset.

In terms of the Company's mining assets, nickel price increases have steadily reflected the reality of higher demand from electric vehicles and limited global supply. The second stage of the ferronickel project feasibility study is targeted to be completed this year; the first stage of the feasibility study assessed an NPV10 of $104m when updated for the current forecast nickel price of $17,500/t. High quality iron ore such as exists at Kalia and which has a relatively short time-to-market production capability can offer near-term appeal to certain strategic investors. Kalia's iron ore project has a Bankable Feasibility Study, the NPV of which has been assessed by the Company to be positive over a range of different iron ore prices as disclosed in the Company's presentations which are on the home page of the website www.bellzone.com.

The Company emphasises that all discussions are at an exploratory stage, and there is no certainty that any transaction will eventually be agreed. 

 

 

Enquiries:

 

Bellzone Mining plc

 

Simon Edwards

+44 (0) 7767 492 712

simon.edwards@bellzone.com

 

 

WH Ireland Limited

 

Nominated Advisor & Joint Broker

 

James Joyce / Jessica Cave

 

+44 (0) 20 7220 1666

SVS Securities plc

 

Joint Broker

Tom Curran / Ben Tadd / Nick Aitchison

 

 

+44 (0) 20 3700 0100

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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Related Shares:
Bellzone Mining (BZM)




DateSourceHeadlineCategory
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31-Oct-18 07:00RNSBoard ChangeExecutive Changes
22-Oct-18 15:31RNSCorporate UpdateCompany Announcement - General
22-Oct-18 10:45RNSGeneral Meeting ResultResults and Trading Reports
03-Oct-18 11:05RNSSecond Price Monitoring ExtnCompany Announcement - General
03-Oct-18 11:00RNSPrice Monitoring ExtensionCompany Announcement - General
02-Oct-18 16:01RNSNotice of General Meeting and Investor Update CallResults and Trading Reports
28-Sep-18 15:09RNSInterim ResultsResults and Trading Reports
27-Sep-18 16:45RNSCorporate UpdateCompany Announcement - General
03-Sep-18 08:21RNSKalia Mining Convention ratified National AssemblyCompany Announcement - General
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31-Jul-18 12:34RNSDirectorate Change and Result of AGMCompany Announcement - General
27-Jul-18 13:05RNSTotal Voting RightsHolding(s) in Company
23-Jul-18 13:38RNSShare Awards and Director/PDMR ShareholdingDirectors' Dealings
18-Jul-18 08:20RNSIssue of Equity - ReplacementCompany Announcement - General
13-Jul-18 07:00RNSNotice of AGM and Investor Conference CallCompany Announcement - General
12-Jul-18 07:00RNSIssue of EquityCompany Announcement - General
11-Jul-18 16:41RNSSecond Price Monitoring ExtnCompany Announcement - General
11-Jul-18 16:35RNSPrice Monitoring ExtensionCompany Announcement - General
09-Jul-18 09:59RNSKalia Mining Convention ratified by ParliamentCompany Announcement - General
11-Jun-18 09:45RNSCorporate UpdateCompany Announcement - General
25-May-18 07:00RNSResults for the year ended 31 December 2017Results and Trading Reports
08-May-18 16:40RNSSecond Price Monitoring ExtnCompany Announcement - General
08-May-18 16:35RNSPrice Monitoring ExtensionCompany Announcement - General
02-May-18 13:27RNSTotal Voting RightsHolding(s) in Company
01-May-18 07:00RNSFerronickel Feasibility Study ? Bulk Sample UpdateCompany Announcement - General


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