Bellzone Mining loss widens as development continues
12th Sep 2016 14:50
(ShareCast News) - Bellzone Mining announced its unaudited interim results for the six months to 30 June on Monday, with revenue remaining at zero and losses widening to $3.58m, from $3.69m a year ago. The AIM-traded firm said it was within the board-approved working capital budget by 10% at period
Read moreBellzone Mining's Guinea ferronickel project financially viable
25th Aug 2016 14:38
(ShareCast News) - Iron, copper and nickel explorer Bellzone Mining's technical study for its Guinea mine said ferronickel production was viable but it will cost £51m to get it started. The AIM-listed miner's Kalia mine in Guinea consists of two large iron-rich mineralised deposits and a pre-feasibi
Read moreBellzone struggles to find funding
17th Sep 2014 12:03
Bellzone Mining shares dropped on Wednesday as the iron exploration company revealed it is facing problems with finding enough funding to continue operations. The group said it is still in discussions with China Sonangol International to reach an agreement of a loan, as it only has enough capital to
Read moreBellzone Mining receives £451,000 loan
1st Sep 2014 14:38
Bellzone Mining, the Republic of Guinea-focused miner, has announced it will receive $750,000 (£451,000) from China Sonangol International. The payment, received under the loan agreement the two companies stipulated on 18 August, will see the total received by the mining firm rise to $1.5m. The gr
Read moreBellzone Mining fails to find long-term funding
11th Aug 2014 10:21
Shares in African iron ore explorer Bellzone Mining plunged almost 30% in early trading on Monday after it failed to secure long-term financing. The group, which has its flagship Kalia project in the Republic of Guinea, said however that it was in advanced talks with China Sonangol to secure a $4m
Read moreFriday broker round-up UPDATE
4th Jul 2014 12:12
Antofagasta: Morgan Stanley upgrades from underweight to equal-weight with a target price of 750p. AVEVA: Societe Generale initiates with a target price of 2650p and a buy recommendation. Balfour Beatty: Westhouse Securities cuts target price from 220p to 183p downgrading from neutral to sell. RBC
Read moreBellzone Mining confirms talks with China Sonangol Intl.
28th Mar 2014 11:26
AIM-listed African metal explorer Bellzone Mining on Friday said it noted the movement in its share price and confirmed it was talking to one of its major shareholders, China Sonangol International Singapore, about potentially securing additional equity capital. The group, which explores for iron o
Read moreFriday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read moreTuesday broker round-up UPDATE
17th Sep 2013 08:56
Aggreko: Credit Suisse reduces target price from 2000p to 1400p and downgrades from neutral to underperform. Antofagasta: WH Ireland downgrades to neutral. Associated British Food: Nomura moves target price from 1650p to 1670p staying with its reduce rating. Aviva: Berenberg downgrades from hold
Read moreSector movers: Ferrexpo lifts industrial metals higher
7th Aug 2013 15:06
Ukraine-focsued iron ore miner Ferrexpo saw its share price jump on Wednesday after a strong first-half report, pushing the industrial metals sector higher. Revenues rose 6.0% year-on-year to $775m as a 19% increase in sales volumes offset lower market prices. Chairman Michael Abrahams said the co
Read moreBellzone Mining says no plans for further capital expidenture
26th Jul 2013 14:33
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
Read moreSector movers: Industrial metals weighed down by Chinese slowdown, falling copper prices
24th Jun 2013 14:56
Industrial 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 moreMonday broker round-up UPDATE
24th Jun 2013 07:36
Andor 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 moreBellzone Mining sells ship for 8.9m dollars
3rd Jun 2013 12:39
AIM-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 moreThursday broker round-up UPDATE
25th Apr 2013 09:07
Barclays: Morgan Stanley lowers target price from 438p to 424p and reiterates an overweight rating. Bellzone Mining: Investec reduces target price from 21p to 5.28p and downgrades to hold. BG Group: Bank of America cuts target price from 1300p to 1250p retaining a neutral rating. Brown (N) Group:
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