Bellzone - Africas next Iron-Producer?!

Hallo miteinander, möchte euch Bellzone Mining PLC vorstellen. Ein australisches Bergbau Unternehmen, welches in Guinea, West Afrika tätig ist. Hauptaugenmerk gilt den beiden Eisenerzprojekten "Forécariah" JV und "Kalia".

http://www.bellzone.com.au/

Bellzone wird am Londoner Stock Exchange und in Frankfurt gehandelt.
Z.z. sind 721.3M shares outstanding. mehr zur share structure: http://www.bellzone.com.au/investors/shareholding-analysis-new.html

Aktuelle Präsentation: http://www.bellzone.com.au/assets/documents/...vestor_JSW_Jan12v2.pdf

Das Forécariah projekt 50/50 jv soll in diesem quartal die produktion aufnehmen:

Forécariah JV Progress Update
-On site commissioning of mine and process plant equipment
-Road construction on schedule for haulage in Q1 2012
-Port development remains on track
-Majority of marine fleet en route to Guinea
-Applications submitted for approvals and permitting
-Project remains on schedule to begin production in Q1 2012
http://www.bellzone.com.au/assets/documents/...%2030%20Jan%202012.pdf


Dann das Kalia 100% owned projekt. welches sicherlich weltklasse potential hat..
(DFS soll dieses Quartal noch abgeschlossen werden)

-Iron ore licenses 100% owned by Bellzone
-6.16 billion tonne magnetite JORC resource
-193 million tonne oxide JORC resource
-92.5 million tonne supergene iron JORC resource

http://www.bellzone.com.au/projects/kalia.html


interessanter vertrag mit china international fund, der 90% der infrastruktur bezahlt, gegen zukünftige offtakes..
http://www.bellzone.com.au/projects/port-and-rail.html
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einige coverages hier zu lesen: http://www.bellzone.com.au/investors/technical-reports-and-analysis/

Folgende Meilensteine sollen noch in diesem Quartal erreicht werden:
-Kalia DFS results
-Kalia oxide JORC updates
-Maiden production at Forecariah
-Forécariah internal tonnage and grade updates
-Infrastructure DFS

Daran wird sich das Managment messen lassen müssen. Sollten sie es schaffen das Forécariah projekt, zeitlich und im budget, in Produktion zu bringen sehe ich gute chancen das hier was großes ensteht..

Was meint ihr?

gruß black.jack  

Der Zeitpunkt scheint nicht schlecht für einen mögl. Einstieg.
Ist gut zurückgekommen (Letztes PP wurde auch zu einem deutlich höheren preis durchgeführt) und scheint sinch jetzt in ner Seitwärtsbewegung zu stabilisieren..

Sollten die im vorherigen post aufgzählten meilensteine alle dieses quartal erreicht werden müsste hier doch was gehen?!
Für evtl verzögerung könnten die finalen genehmigungen sorgen.. ich weiß nicht wie schnell die mühlen in guinea mahlen..

gruß black.jack  

Bellzone Mining (LON:BZM) jumped 10% to 32p in trading, and on almost three time the average daily volume. The shares did slip to touch the support at the 28p level I highlighted last time Bellzone made an appearance in this note. Since then the shares have enjoyed a decent rally from that support line, and look on course to test resistance at 34p. Holders are still waiting for an update regarding the explosives permits and contracts and the first test blast that is scheduled to take place by the end of February.

http://www.proactiveinvestors.co.uk/columns/...bruary-2012--8414.html

gruß black.jack  

27 February 2012

Bellzone Mining plc

Forécariah JV Progress Update



·     Blast permits received

·     Commissioning of mine and process plant equipment completed

·     Harbour tugs and Transhipping fleet en route to Guinea

·     Panamax conveyor modifications nearing completion

·     Technical aspects of the project approved by the commission of Department of Mines and Geology ("the DMG").  Final permits to formally start mining and export product are at an advanced stage

·      Project remains on schedule to begin production by end Q1 2012



komplette news zu lesen hier:
http://www.londonstockexchange.com/exchange/news/...cementId=11129160  

bei 36pence geschlossen. umgerechnet sind das ~0,43€..
wenn man sich den chart anguckt könnte die nächste station bei ~40pence liegen.. danach ist erstmal platz!

hier noch ein sehr interessanter artikel zu den fortschritten auf dem forecariah projekt..
http://www.miningweekly.com/article/...n-schedule-bellzone-2012-02-27

gruß black.jack  

23 March 2012

Bellzone Mining plc

("Bellzone" or "the Company")

Maiden production for Forécariah JV


·     Maiden blast conducted at Yomboyeli central

·     JV operations have started production stockpiling

·     Maiden 30,000 tonnes liberated



Bellzone Mining plc (AIM:BZM) is pleased to announce that iron ore production and product stockpiling for the Forécariah JV Project ("the JV") in the Republic of Guinea, West Africa, has commenced following the maiden blast on the Yomboyeli Central ore body on 22 March 2012.


The maiden blast consisted of 213 holes and it is anticipated that this will provide more than 30,000 tonnes of Run of Mine ("RoM") ore for processing through the installed crushing and screening plants. The maiden blast has provided a data set that can be analysed and the blasting process will be evaluated and refined on an ongoing basis to ensure production is maximised over time.


The initial tonnes will be used for wet commissioning of the crushing and screening plants and will be stockpiled as product at the mine site ahead of haulage to the port, pending the issue of the Mining Permit by the Government of Guinea. On receipt of the Mining Permit, the product will be trucked to the port and stockpiled in preparation for barge loading, which is anticipated to be by the end of April 2012. Production operations will be progressively ramped up to achieve the design capacity of 4mtpa over a six month period, with first shipment scheduled for early June 2012.


Nik Zuks, Chief Executive Officer of Bellzone, commented: "We have now achieved our primary objective of being able to produce iron ore on schedule, in Q1 of this year.  I am very proud of what the team has achieved in such a short time and work continues apace; the Mining Permit is imminent, our fleet arrives in mid April, and exports are anticipated to start in early June. This is just the first step, albeit a significant one, in developing a long term sustainable iron ore operation at Yomboyeli.  We remain committed to achieving both the objectives set for Forécariah, and those for bringing the Kalia Mine Project into production as planned in 2014."

http://www.londonstockexchange.com/exchange/news/...cementId=11155299  

http://www.londonstockexchange.com/exchange/news/...cementId=11158640

China Sonangol International erhöhen ihre anteile auf 15.47%.

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gruß black.jack  

entäuscht z.Z.. allerdings scheint schon einiges an verspätungen miteingepreist..

zur erinnerung das stockpiling hat begonnen.. allerdings steht die mining permit noch aus.. von den im ersten post genannten meilensteinen stehen noch einige aus..

China Sonangol International kauft weiter..
http://www.londonstockexchange.com/exchange/news/...cementId=11172100

gruß black.jack  

nun sind wir schon fast am 52 wochen tief von 21,75 pence angelangt.. kann mir kaum vorstellen das wir da runter fallen.. (aber z.Z scheint ja fast alles möglich)


die mining permit ist allerdings überfällig.. diese sollte eigtl ende april präsentiert werden..

gruß black.jack  

Bellzone Mining plc ("Bellzone" or the "Company")

Forécariah Mining Authorised

·     Authorisation granted to commence production and export

·     Plant commissioned and production commenced

·     Updated resource statement expected in Q3 2012

mehr hier: http://www.londonstockexchange.com/exchange/news/...cementId=11211376

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dazu noch (wenn auch ein paar tage älter- lesenswert!) "full year results":
http://www.londonstockexchange.com/exchange/news/...cementId=11207066

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gruß black.jack  

Bellzone Mining plc (AIM:BZM), is pleased to announce the following increase in its total Indicated and Inferred JORC oxide and SBIF mineral resource at its 100% owned Kalia Mine Project in Guinea, West Africa.


Highlights:

·        As a result of recent drilling and metallurgical testwork the Kalia project in Guinea has shown the potential for approximately 1.7 billion tonnes of beneficiated product within the currently defined JORC reportable Mineral Resource zones.

·        JORC reportable oxide and SBIF Mineral Resources have been increased 44.9% from 285.5 million tonnes grading 38% Fe to 413.9 million tonnes at an average grade of 35.8% Fe.

·        Metallurgical testing completed to date indicates 151 million tonnes of beneficiated product grading +59.3% Fe could be extracted from these oxide and SBIF Mineral Resources.

http://www.londonstockexchange.com/exchange/news/...cementId=11232764

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dazu noch einen neuen ceo..

http://www.londonstockexchange.com/exchange/news/...cementId=11228853


gruß black.jack  

bellzone nutzt die schwachen kurse und kauft für 3M$ eigene shares..
http://www.londonstockexchange.com/exchange/news/...cementId=11245718

laut letzter meldung hat man bis jetzt schon 3,710,664 stück eingesammelt.
http://www.londonstockexchange.com/exchange/news/...cementId=11255628

gruß black.jack  

danke tommy-hl von wo..
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July 11, 2012
Bellzone Has Now Commenced Iron Ore Production At Forecariah, As Work Continues On The Development Of The Six Billion Tonne Resource At Kalia
By Robert Tyerman - minesite

When Glenn Baldwin, the outgoing boss of Australian manganese group Consolidated Minerals, takes over from entrepreneurial Nik Zuks as chief executive of Bellzone Mining in September, he will find the company’s iron ore projects in Guinea well cued up to deliver significant progress.

Bellzone’s stock market value has lately plunged on permitting and other delays, but the company is now producing from its half-owned Forecariah project 70 kilometres inland, and has started loading its first iron ore at the port of Konta.

And progress should be pretty rapid from here on in. Finance director Terry Larkan, says the company expects to lift production to an annual three-to-four million tonnes by the end of the year. In addition, he says, “we have an off-take deal on the table”, which he hopes to be concluded “next month”.

Hinting at talks with “a big commodities house”, Larkan explains that Bellzone has more than one option: it could go it alone, or its 50 per cent joint venture partner, the multi-billion Chinese infrastructure investor China International Fund (CIF), could “tag along with us”.

With capital costs set at US$230 million, Forecariah is no mean project, but for Bellzone it’s just the aperitif before the main meal, which will be the development of the wholly-owned Kalia project in south-central Guinea.

Bellzone says a somewhat-delayed definitive feasibility study is due this month on the infrastructure for Kalia, which could contain as much as 6.1 billion tonnes of magnetite ore below an already-established JORC estimate of 414 million tonnes of oxide ore. The company estimates that in total the project could hold up to 1.5 billion tonnes of contained iron.

Taking Kalia into production will cost perhaps US$4.5 billion in all. However, Larkan, argues that the 414 million tonne oxide ore resource could yield 151 million tonnes of material grading 51% iron to provide cash for the main project. Bellzone, he suggests, is likely to take a “staged approach”.

That could mean spending US$1 billion to achieve annual output of eight million tonnes and then lifting that to 50 million tonnes “over four to five years”. Initial production at Kalia is scheduled for 2015.

With numbers like that, funding certainly represents a challenge for the company, which, with the shares trading at 17.75p, is currently valued at slightly less than £131 million. Larkan estimates that the company’s existing US$100 million cash pile will fall to US$75 million after spending on Forecariah.

But this is where CIF is expected to come in, having last year put US$103 million into the company, the major contributor in a total capital raising of US$236 million. CIF now has 15 per cent of Bellzone and is expected to fund the infrastructure for Kalia, which will require the construction of a railway and other facilities.

In the meantime, a licence to mine at Forecariah has now been granted and the project is at last up and running. The permitting was held up, says Larkan, because Forecariah was the first project permitted under Guinea’s new mining code. But now that it’s up and running it should also be able to make a contribution towards the costs of Kalia.

Forecariah contains an estimated 157 million tonnes of oxide ore, a resource which Larkan says will be updated before October. Bellzone hopes to establish a formal JORC resource on the project by the end of this year, or early next.

The project is, says Larkan, still “on budget” with “a bit of plant still to be added”. The operating costs should fall from around US$40 a tonne to “the mid US$30s” once production has been ramped up, against market prices of more than US$130 a tonne.

And the company isn’t the only interested party that’s pleased that progress is being made. Larkan recalls a top-level government visit to Forecariah a few weeks ago, accompanied by “huge celebrations”. He maintains Bellzone’s permit is “not conditional”, though it is expected to provide a road crossing and a study on a rail link connected to Kalia.

Investors’ nervousness about Guinea is overdone, insists Larkan. “The Guinea government is very sensitive about the perception of sovereign risk”, he says. So, can companies make money there?

“We should start turning a profit with the first tonne of iron ore”, argues Larkan and some bullish forecasters are now suggesting that Bellzone, which lost £29 million last year, could make as much as £14 million this year, with several times that on the cards for 2013.  

heftig was hier abgeht!

ATL so wie es aussieht.. und kein Boden in Sicht!

news gabs auch..

Kalia Mine Definitive Feasibility Study and Development Plan
http://www.londonstockexchange.com/exchange/news/...cementId=11273464

Forécariah JV Update
http://www.londonstockexchange.com/exchange/news/...cementId=11273252

gruß black.jack  

09 August 2012
Bellzone Mining plc
("Bellzone" or the "Company")

Forecariah Offtake Agreement with Glencore



Highlights:

· Offtake agreement signed with Glencore for life of mine 58% Fe product

· Provisional payment mechanism based on a percentage of the prevailing Platts IODEX Fe CFR China benchmark pricing system at time of loading

· Best price incentive structure based on an upside sharing of the difference between the initial Platts base price, adjusted for market swings, and actual price achieved

· Minimum price cap fixed as a percentage against prevailing Platts IODEX Fe CFR China benchmark pricing system

· US$15m early payment facility available after 5 exported ship loads

http://www.londonstockexchange.com/exchange/news/...cementId=11292605  

Kalia Mining Licence Approval
http://www.londonstockexchange.com/exchange/news/...cementId=11324902


Forécariah Mining Permit Approval
http://www.londonstockexchange.com/exchange/news/...cementId=11330865  

Highlights:

-Appointment of Glenn Baldwin as Chief Executive Officer


-Kalia Mine Project:

Mining Licence granted on 11 September 2012 completing mine permitting

Updated JORC resources demonstrate potential for approximately 1.7 billion tonnes of saleable product

Definitive Feasibility Study completed


-Forecariah Joint Venture:

Mining Licence granted

Mining commenced in the period becoming Guinea's first operational iron mine

Production ramp up and commissioning underway with first export expected Q4 2012

Off-take agreement signed with Glencore for Bellzone's 50% allocation

Construction on budget


-Share buy-back programme initiated during the period

-Cash balance US$70 million as at 27 September 2012.

http://www.londonstockexchange.com/exchange/news/...cementId=11345188

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In diesem Quartal nun will Bellzone das erste eisenerz verkaufen.. spannend wird sein ob sie es bei diesen preisen schaffen eine positive marge zu erreichen und nachhaltigen cashflow erwirtschaften können um die nächsten phasen zu finanzieren..
Der Fe-Preis zieht wieder etwas an..
http://www.goldinvest.de/index.php/...isenerzpreis-in-die-hoehe-26258

gruß black.jack  

First shipment from Forecariah
http://www.londonstockexchange.com/exchange/news/...cementId=11439877


Kalia Mine Project Resource Update
http://www.londonstockexchange.com/exchange/news/...cementId=11435364

gruß black.jack  

~40% in den miesen zZ.. nach folgender meldung:

Company Update and Forécariah JV guidance
http://www.londonstockexchange.com/exchange/news/...cementId=11531498  

was meinst du wie gehts weiter?
wieviel umsatz schaffen sie dieses jahr?kann man das so rechnen:800000 tonnen(min)mal ~130 $=104mio $ das ganze durch 2 =52mio dollar umsatz?
oder is mein ansatz verkehrt?130$ werden ja nur für 62%fe gezahlt.
ich mein bei 90$ für verschiffung und abbau,die ich abrechne,wären das 16mio für uns..oder kriegt der guinea auch noch was ab davon?
will bloß wissen ob ich die reissleine zieh oder nich..hab jetz ganz schön miese:(
mfg rüdi  

also grundsätzlich stimmt deine rechnung.. aber wie du schon geschrieben hast rechnest du mit dem preis für 62%fe!

Die Konditionen des Offtakes mit Glencore bestimmt den Preis den Bellzone erhält..
nachzulesen hier: http://www.bellzone.com/images/downloads/...-FJV-Resource-Offtake.pdf

als anhaltspunkt könnte man den spot preis (mit abschlag nehmen)
http://www.metalprices.com/metal/iron-ore/iron-ore-tsi-58

also sagen wir mal ~120$/t
Bei 90$ operativen kosten beleibt dann ne 30$ marge.. bleibt also 12M$ operativer gewinn.. aber sonst gibts ja auch genügend kosten..

Die Phantasie ist hier erstmal raus! Auf Forecariah ist auch in den nächsten jahren kein mit produktionswachstum zu rechnen siehe news..

Zu Kalia soll erst im Q3 die Studie bzgl schnellem cash flow abgeschlossen werden..

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Ob man die reissleine ziehen sollte muss jeder für sich entscheiden.. könnte mir auch vorstellen das es nach der ersten (über)reaktion wieder bei einem etwas höheren kurs einpendelt.. wenigstens scheinen sie noch genügend cash für dieses jahr zu haben..

Aber die ursprüngliche Spekulation weswegen ich hier war.. Die Entwicklung Kalias teilweise mit cashflow von den JV vorranzutreiben ist wohl gestorben..

gruß black.jack  

für Kalia liegt vor !
( auf den ersten Blick sieht das recht gut aus )

LG
keyar  

hab mir in FFt 60k zu 0,054 geholt.

drückt mir die Daumen !

keyar  

ich drück dir die daumen!will ja auch raus aus den miesen...die frage ist aber trotzdem wie kalia finanziert werden soll!!die kohle müsste ja bald alle sein.865 millionen..wo sollen die herkommen??

mfg rüdi  

ist seit gestern auf der homepage.

LG
keyar