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

Volume and rising just the right thing for a short term punt, but could easily be the end of the trend also.

Fantastic Update. Promising progress towards Iron ore production Q1 '12 on schedule.

41.50p +2p

Forariah JV project on schedule, says Bellzone

Bellzone Mining's Forariah joint venture iron ore project with China International Fund in Guinea is on schedule to start production in the first quarter of 2012.

Bellzone expects to announce phase one internal resource estimates in July with an internal resource classification expected in the third quarter.

It says 16 diamond drill holes totalling 1,600 metres up to a depth of 112 metres have been drilled to delineate the oxide structure.

All drill holes have intersected oxide showing a surface oxide iron layer of between 8 and 33 metres with iron enriched schist at depths of up to 112 metres.

In addition, mapping and drilling to date has shown multiple parallel oxide zones extending to the depth of drilling across the mapped 2.7km2 initial target area.

Phase III resource development will focus on the remainder of the 2.7 sq km initial target with results expected in late fourth quarter.

The road route from Yomboyeli to the port site has been surveyed.

The 76km route comprises 20km of new road required to bypass villages, and 56 km of existing road.

The existing road upgrade and new road construction to support the bulk ore road trains will be done in four sections.

Approval has been granted to start construction on the section of road from Konta (port location) to the Woulla village (section 1) near the tarred main road, approximately 22 km.

CEO Nik Zuks said: "These are exciting times.

"I am very pleased with the progress achieved in a short time by our combined CIF and Bellzone team and with the strong support received from the Guinea government for both our major projects.

"The JV is working very well, project management is strong and everyone associated with the project is focussed on achieving production in Q1 2012."

Spread 40.75 / 41p

a 1M buy at full price @41p after being marked down this morning, maybe on prelude to the buyer on a very weak market FTSE down 70 points

RNS..........

Bellzone pleased with Kalia rail and port progress

Bellzone Mining is very pleased with the quantity and quality of work completed on the rail and port project for its Kalia iron ore mine in Guinea.
The infrastructure project is owned and managed by Kalia Horizon Minerals Pte, the 90:10 joint venture company established by China International Fund Limited and Bellzone respectively.

It said design options for the port layout at Matakan have been completed and are due to be reviewed by Bellzone and CIF early July 2011.
The preferred option will then be used as the basis of the detailed feasibility study report, due for completion in the fourth quarter of 2011.

Bathymetric surveys are 100% complete and cover an area of 570 sq km.
This data has been used in the selection of final berthing location options.
Oceanographic and Meteorological surveys are approximately 80% complete.

Final data is currently being collected to cover the rainy season (June - October) which will complete this work but will not impact timing of the selection of the preferred option.
Marine and land survey work has commenced and is on schedule to be completed in the fourth quarter.

Early studies include the installation of survey control points and some shallow water drilling.
It adds that the route of the first 74km of the railway from the proposed port at Matakan to Moussaya has been agreed in principle with the government.

Rail route geotechnical drilling and surveys have started on this section.
This alignment is within the agreed Bellzone exclusive rail corridor and will be the first section to commence construction.

An aerial survey has been completed using LiDAR technology to identify the topography in this area.
Projects director Bryan Pearce said: "We are very pleased with the quantity and quality of work completed to date and in such a short time on the Kalia Rail and Port project.

"This has established the necessary building blocks that will allow the smooth transition from feasibility study into project execution."

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