LONDON (Alliance News) - Bellzone Mining PLC said Friday that it slightly narrowed its interim loss as it generated a modest rental income.
For the six months to June 30, the mining company posted pretax loss of USD2.4 million compared to USD2.5 million a year prior, on the back of income of USD178,000 generated from the rental of operating assets held in Guinea.
Other factors participating in the lower loss were "operating cost savings" which the company put in place in the period.
Looking ahead, Bellzone said it continues to "monitor developments in the iron ore market".
Bellzone shares closed down 3.6% at 0.26 pence each on Monday.