It seems ready for better things to come

It appears that brokers all still have Bellzone down as a strong buy, not just a buy

Broker puts a 200p target last week
Bellzone Mining PLC ALL-
AIM Basic Materials Buy 200
Canaccord Genuity

content files uk ratings

Here imo is a great RNS,all coming together.

http://www.investegate.co.uk/Article.aspx?id=201109020700084750N

bought in today....onwards & upwards! anyone else still in?

Looks as though I got the timing right for a change!


We have the permit! it's looking good for a substaintial recovery in the SP (imho)


RNS Number : 8242D

Bellzone Mining PLC

22 May 2012

22 May 2012

Bellzone Mining plc

("Bellzone" or the "Company")

Forecariah Mining Authorised

-- Authorisation granted to commence production and export
-- Plant commissioned and production commenced
-- Updated resource statement expected in Q3 2012
Bellzone Mining plc (AIM: BZM) is pleased to announce approval by the Government of Guinea to commence commercial production from the Forecariah operations in the Republic of Guinea, West Africa.

The authorisation was granted on 21 May 2012 by the Minister of Mines:" On the recommendation of the Interdepartmental Committee, I have the honour of allowing you to start the Yomboyeli [Forecariah] iron ore operations program". Operations will now move from wet commissioning to commercial production.

The intention is to mine and export the initial 2mt of high grade material identified by internal resource modelling during the first year of operations with the aim of achieving the design capacity of 4mtpa by year end. Post the initial 2mt of high grade material the low grade oxide will be upgraded to produce a +58% Fe product. Off-take agreement negotiations are underway.

The authorisation imposes certain obligations related to the current and future infrastructure requirements of the project. The State requires:

-- Construction of the public road that runs parallel to the haul must be completed within three months;

-- A study for rail transport of the production is to be completed by June 2013 and construction of the rail system to commence before the end of 2013; and

-- A bridge to be designed and constructed at the point where the haul road intersects the National Road. This work must be done in consultation with and to the standards required by the Department of Public Works and Transport as well as the Department of Mines and Geology.

In addition to the works aspects, the State requires certain administrative actions:

-- Formal explanation of the legal structures between the licence holder and Bellzone;
-- Relinquishing of areas not included in the mining area with 30 days;
-- Submission of a plan for the recruitment and training of local staff to occur with 30 days; and

-- Submit the complementary environmental study to ensure compliance with international standards.

Nik Zuks, Chief Executive Officer of Bellzone, commented: "Approval for Forecariah is a landmark event for Guinea and the Joint Venture partners. The ability to bring a greenfield asset into production, build a trans-shipping port and haulage road in under 15 months is a significant achievement. The belief, focus, dedication and combined will of the people of Forecariah, the Government of Guinea and the JV partners have delivered Guinea's first commercial iron ore production facility."

"The JV will continue to grow the resources and its production capacity as an operating entity. Bellzone now has a significant interest in an operating entity combined with a globally significant resource under development at our flagship Kalia Iron Mine."

The tonnage estimation information disclosed in this announcement has been reviewed by Bernhard Neehoff BSc. Post Grad Dip Sc.; a member of the Australasian Institute of Mining and Metallurgy and employed as Bellzone's Exploration Manager. He has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which is being undertaken, to qualify as a qualified person for the purposes of this announcement.

This could be worth 9p+ with a bid for the company!

Afterhour's RNS update released at 16.31