: 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".
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
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..
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..
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.
· 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."
: Kalia Mine Oxide Mineral Resource Increase
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.
· 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.
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.
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
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 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..
---- 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..