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BZMThu, 25th Apr 2013 09:07
Bellzone Mining moved to soothe investors' concerns over its funding position on Friday, saying its cash balance would hold it over until the second half of 2014. Chief Executive Glenn Baldwin said there were no immediate plans for further capital expenditure now that it had completed drilling at t
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* Slim chances for juniors iron ore miners as lower prices loom * Many running short on cash and finding few options for funds * Vale, Rio, BHP better able to withstand dips in iron ore price cycle By James Regan SYDNEY, July 22 (Reuters) - From Africa to Australia, opport
Read moreIndustrial metals and mining stocks were again among the worst performers on Monday, bearing the brunt of another market-wide sell-off as concerns over slowing growth in China hit the outlook for demand. Goldman Sachs has joined a growing list of brokers to cut its growth forecasts for the Asian po
Read moreAndor Technology: WH Ireland cuts target price from 500p to 380p, while staying with its buy recommendation. Investec upgrades from hold to buy with a target price of 360p. Ashtead Group: Numis raises target price from 582p to 640p, while downgrading to hold. Bellzone Mining: Investec lowers targe
Read moreAIM-listed exploration and resource development company Bellzone Mining has reported that the Forécariah Joint Venture has sold the ship named "FGM Iron" for a consideration of 8.9m dollars. Following the announcement on March 27th 2013 outlining revised production targets for Forécariah, Bellzon
Read moreLONDON, June 3 (Reuters) - Guinea-focused miner Bellzone said it has sold a bulk-carrying ship after a cut in its iron ore production forecasts at its Forecariah mine earlier this year meant the vessel was no longer needed. The ship - FGM Iron - has been sold for a consideration of$8.9 mil
Read moreBy David Rohde and Clara Ferreira-Marques NEW YORK/LONDON, April 19 (Reuters) - Documents obtained by U.S. authorities investigating mining corruption in Guinea show Israeli billionaire Beny Steinmetz's mining company promised to pay millions of dollars in Africa to win valuable mining conc
Read more* Amends Guinea mining code to woo investors * State gets free stake in mines, option of purchasing more * Guinea rich in iron ore, world's top supplier of bauxite By Clara Ferreira-Marques LONDON, April 10 (Reuters) - Guinea's amended mining code, brought in this week to
Read more* Better terms needed to woo investment, government says * Miners freeze spending due to uncertainty * Guinea is world's top supplier of bauxite By Saliou Samb CONAKRY, April 9 (Reuters) - Guinea has amended its mining code to reduce some taxes and improve the investment c
Read moreCONAKRY, April 9 (Reuters) - Guinea's National Transitional Council has adopted changes to the country's mining code reducing some taxes, in an effort to improve the investment climate, government officials told Reuters on Tuesday. The changes cut profit taxes to 30 percent from 35 percent
Read moreUK small caps fall 0.3 percent but outperform both the mid-caps , down 1 percent, and the blue chips, which fall 0.7 percent. Bellzone drops over 40 percent after the Guinea-focused mining company downgrades expected production from its Forecariah iron ore mine and outlines a slower start t
Read moreLONDON, March 27 (Reuters) - Shares in Guinea-focused mining company Bellzone fell more than 40 percent on Wednesday after it downgraded expected production from its Forecariah iron ore mine and outlined a slower start to its bigger Kalia project. Bellzone said Forecariah, a joint venture w
Read moreAmara Mining: Westhouse Securities lowers target price from 124p to 110p, while reiterating a buy recommendation. Ashtead: Canaccord Genuity ups target price to 170p and keeps a buy recommendation. Bellway: Deutsche Bank revises target price from 1381p to 1395p and reiterates a hold recommendation
Read moreBellzone Mining shares plunged over 46 per cent in early Wednesday trading as the company announced the results of a detailed budgeting study for 2013, as a result of which it has dramatically cut this year's export target for its 50:50 Forecariah Joint Venture to between 800,000 and 1 million tonne
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