TIDMBZM 
 
RNS Number : 2075W 
Bellzone Mining PLC 
15 November 2010 
 

 
15 November 2010 
                              Bellzone Mining plc 
                          ("Bellzone" or the "Company") 
                            Director share transfers 
Bellzone Mining plc (AIM: BZM) was notified on 15 November 2010 that on 10 
November 2010 Nikolajs Zuks, a director of the Company, transferred 5,500,000 
ordinary shares of no par value (the "Shares") to Fitel Nominees Limited 
0078386.  Mr Zuks continues to be the beneficial owner of the Shares. 
Accordingly, Mr Zuks holding in Bellzone remains unchanged at 297,354,485 
ordinary shares of no par value representing 56.4 per cent. 
 
 Enquiries: 
 
+---------------------------------+------------------------------------------------------------+ 
|  Bellzone Mining plc            |                                                            | 
| Graham Fyfe/Terry Larkan        | +61 (0) 8 9420                                             | 
|                                 | 8900end_of_the_skype_highlighting                          | 
+---------------------------------+------------------------------------------------------------+ 
|                                 |                                                            | 
| Canaccord Genuity Limited       | +44 (0)20 7050                                             | 
| Nominated Adviser and Joint     | 6500 end_of_the_skype_highlighting                         | 
| Broker to Bellzone              |                                                            | 
| Andrew Chubb/Tarica Mpinga      |                                                            | 
|                                 |                                                            | 
+---------------------------------+------------------------------------------------------------+ 
|  Renaissance Capital Limited    |                                                            | 
| Joint Broker to Bellzone        | +44 (0)20 7367 7777                                        | 
| Simon Matthews/Thomas Beattie   |                                                            | 
|                                 |                                                            | 
|                                 | end_of_the_skype_highlighting                              | 
+---------------------------------+------------------------------------------------------------+ 
| Conduit PR                      |                                                            | 
| Jos Simson/Paul Youens          | +44 (0)20 7429 6603                                        | 
|                                 | begin_of_the_skype_highlighting                            | 
|                                 | +44 (0)7899 870 450                                        | 
|                                 | begin_of_the_skype_highlighting                            | 
|                                 | end_of_the_skype_highlightingend_of_the_skype_highlighting | 
+---------------------------------+------------------------------------------------------------+ 
 
Bellzone Mining plc 
 
Bellzone Mining plc is an exploration and resource development company with iron 
ore and nickel / copper permits in the Republic of Guinea, West Africa. 
 
The Company's flagship project, the Kalia Iron Mine has a JORC resource of 3.74 
billion tonnes, located on the Kalia I prospect. Drilling results and internal 
estimates indicate that Kalia Prospect has the potential to host more than 10 
billion tonnes of magnetite and 2.55 billion tonnes of oxide at surface. 
 
Exploration work continues to further define the potential at Kalia I on both 
the magnetite and oxide at surface. 
 
Bellzone is committed to the staged development of the Kalia Iron Project, which 
includes a 50mtpa iron ore facility, rail and port, with initial production 
scheduled in 2014. Stage one is planned to bring online 20mtpa direct shipping 
ore ('DSO') capacity in 2014 and a 10mtpa magnetite concentrator in 2015. Stage 
two increasing the DSO output to 30mtpa in 2017 and doubling the concentrate 
capacity to 20mtpa by 2018. 
 
Bellzone signed an Infrastructure Accord with the Republic of Guinea giving the 
Company exclusive rights to the designated port and rail areas for purposes of 
conducting studies for the development of the infrastructure leading to the 
signing of a convention and concession. The infrastructure forms a key part of 
the Guinea Government's infrastructure strategy and will support the development 
of iron ore, bauxite and other minerals in Guinea through its availability for 
3rd party use. 
 
On 2 August 2010, Bellzone signed definitive agreements with China International 
Fund ('CIF').  CIF will finance and develop the rail and port infrastructure and 
offer a finance package to Bellzone for the development of the Kalia Mine in 
exchange for the first right to purchase 100% of the off-take of the Kalia Mine 
at market price. 
 
An exploration programme is currently underway at the Forecariah Iron Permits 
that lie between 40 and 80kms from the Guinea coast.  Bellzone and CIF will 
jointly develop these permits which are prospective for oxide and magnetite. 
The oxide has the potential to deliver cash flow from a Direct Shipping Ore 
project in the short term. 
 
Bellzone has competed an intensive mapping and surface sampling programme and 
has defined highly prospective drilling targets at its Sadeka Nickel/Copper 
Project and will commence a drilling programme on these targets in Q4 2010. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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