Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Bellzone Mining PLC    BZM   JE00B3N0SJ29

SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector newsTweets 

China Fund, Bellzone Eye Rio Tinto's Simandou Project -Report

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/06/2012 | 12:07pm EST

China International Fund and London-listed mining company Bellzone Mining PLC (>> Bellzone Mining PLC) are planning to take over Rio Tinto PLC's (RIO, RIO.LN) share of the giant Simandou iron ore project in Guinea, the Sunday Times reports, citing a presentation from last year.

CIF, a company set up by a syndicate of Hong Kong traders and Angolan state-owned oil firm Sonangol, was joined by Bellzone in making a pitch to the Guinea government to develop the project even though Rio had already reached a deal, the Sunday Times reports, citing the presentation dated Aug. 2011.

"What's wrong with that?" said Bellzone Chief Executive Nik Zuks last week when asked if he was trying to take over Simandou despite Rio's contract, the Sunday Times reports.

Rio Tinto declined to comment when contacted by Dow Jones Newswires.

-By London Bureau, Dow Jones Newswires, +44 207842 9471, alexis.flynn@dowjones.com

Stocks mentioned in the article : Bellzone Mining PLC
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BELLZONE MINING PLC
2016 BELLZONE MINING : 2017 Funding and Business Update
2016 BELLZONE MINING : Shares Jump As It Inks Loan Deal With Shareholder
2016 BELLZONE MINING : Unaudited interim results for the six months ended 30 June 201..
2016 BELLZONE MINING : Unaudited interim results for the six months ended 30 June 201..
2016 BELLZONE MINING : First-Half Loss Widens On Higher Running Costs
2016 WINNERS & LOSERS SUMMARY : CRH Leads Blue-Chips As Profits Surge
2016 BELLZONE MINING : Shares Plummet On Pursuit Of Kalia Ferronickel Project
2016 BELLZONE MINING : Kalia Project – Update on Ferronickel Study Results
2016 BELLZONE MINING : AGM Result and Board Change
2016 BELLZONE MINING : Appoints Cheong As Permanent Chief Executive
More news
Sector news : Iron Ore Mining
01:50aDJAustralia Stocks Led Lower by Miners
02/23DJVale Dusts Off Crystal Ball, Sees $70-$75 'Floor' for Iron Ore
02/23DJBrazil's Vale Climbs Back to Profit on Rising Commodity Prices -- Update
02/23DJBrazil's Vale Climbs Back to Profit on Rising Commodity Prices
02/22 First stab at acquisition by Australia's South32 hits competition hurdle
More sector news : Iron Ore Mining
Advertisement
Chart BELLZONE MINING PLC
Duration : Period :
Bellzone Mining PLC Technical Analysis Chart | BZM | JE00B3N0SJ29 | 4-Traders
Full-screen chart
Technical analysis trends BELLZONE MINING PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Managers
NameTitle
Julian Hong Lum Cheong Director, Chief Executive & Financial Officer
Michael James Wills Farrow Independent Non-Executive Chairman
Antony Royston Gardner-Hillman Independent Non-Executive Director
Simon M. Brickles Independent Non-Executive Director
Tong Yuk Ying Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BELLZONE MINING PLC-16.39%5
FORTESCUE METALS GROUP..18.51%16 308
NMDC LIMITED15.10%6 740
KUMBA IRON ORE LTD.35.42%5 476
FERREXPO PLC29.37%1 218
LABRADOR IRON ORE ROYA..1.88%929
More Results