Bellzone Mining plc is an exploration and resource development company with iron ore and nickel/copper permits in the Republic of Guinea, West Africa. Kalia Mine Project is the Company’s flagship project with a resource of 6.16 billion tonnes of magnetite. The Forécariah iron ore mine commenced production in May 2012 and is a joint venture between Bellzone (50%) and China International Fund Ltd (CIF) (50%).
The Bellzone permits are located east of Conakry and accessed by an existing bitumen road:
- The Kalia Iron Permit covers an area of 573km2 and is located approximately 360km east of Conakry. Kalia has received all relevant mining permits – 50% of the fully permitted Kalia II strike is to be assigned to CIF in accordance with the terms of the Company’s definitive agreement with CIF.
- The Faranah Iron Ore Permit, located immediately adjacent to the east of the Kalia Iron Permit, covers an area of 808km2. All the relevant mining permits are in place and will be assigned to CIF in accordance with the terms of the Company’s definitive agreement with CIF.
- The Sadeka Prospecting Permit is located approximately 150km south-east of Kalia and is centred on the town of Albadaria. It covers an area of 2,086km2 with the rights to explore for nickel, copper, cobalt, manganese, platinum and chromium, and has been renewed by Bellzone through to November 2014.