Member access

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

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancials 
News SummaryMost relevantAll news 

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

05/06/2012 | 12:07pm US/Eastern

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,

Stocks mentioned in the article : Bellzone Mining PLC
React to this article
4h ago BELLZONE MINING : Gets New Loan Support From Major Shareholder China Sonagol
11/18 BELLZONE MINING : Chief Executive And CFO Resign As China Sonagol Taps Tung
10/30 BELLZONE MINING : Result of the Extraordinary General Meeting
10/17 BELLZONE MINING : Change of Registered office
10/13 BELLZONE MINING : to raise up to £1.7m
10/13 BELLZONE MINING : Notice of Extraordinary General Meeting
10/10 BELLZONE MINING : REPEAT: Bellzone Secures Short-Term Funding Via China Sonangol..
10/10 BELLZONE MINING : Secures Short-Term Funding Via China Sonangol Placing
10/10 BELLZONE MINING : Placing to raise up to approximately £1.7 million
09/30 BELLZONE MINING : Unaudited interim results for the six months ended 30 June 201..
Duration : Period :
Bellzone Mining PLC Technical Analysis Chart | BZM | JE00B3N0SJ29 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes