BZM Bellzone

 

TIDMBZM 
 
RNS Number : 4128X 
Bellzone Mining PLC 
08 December 2010 
 

 
8 December 2010 
                              Bellzone Mining plc 
                          ("Bellzone" or the "Company") 
                 Kalia Mine Engineering Consultant Appointments 
Following the Company's update on the rail and port infrastructure development 
announced on 30 November 2010, Bellzone Mining plc (AIM:BZM), the iron ore and 
nickel/copper company developing the Kalia Iron Mine in the Republic of Guinea, 
West Africa, is pleased to announce an update on the Kalia Mine: TWP Australia 
Pty Ltd ("TWP"), in conjunction with Ausenco Limited have been appointed as the 
engineering consultants to conduct the detailed feasibility study ("DFS") for 
the Kalia Mine: 
·      TWP is part of the Basil Read Group in South Africa. Basil Read is the 
5th largest construction firm in southern Africa and offers opportunities to 
undertake build, own, operate ("BOO") and build, own, transfer ("BOT") 
operations in mining and power development. TWP have an excellent track record 
in project delivery and will perform overall management services of the DFS as 
well as dedicated scopes covering mining, power and site infrastructure 
development 
·      Ausenco are a Perth based engineering, procurement, construction and 
management ("EPCM") company with extensive experience in mineral process plant 
design and commissioning in Africa 
TWP Australia is a multi-disciplinary engineering design, construction and 
project management company, which through its parent; The Basil Read Group, is 
able to provide mining and engineering services from study and project 
management through to contract mining and operations.  TWP Australia has the 
necessary history and access to experienced personnel to execute the Kalia Mine 
DFS and through the construction phases and into operations if desired. The 
combined group has the knowhow to implement complex process plant projects and 
support infrastructure from hydro and fossil fuelled power solutions to mine 
operations in the African region. TWP has been awarded the project management, 
mining, power and mine infrastructure aspects of the DFS. 
Ausenco is known internationally for its capabilities in the provision of study, 
engineering design and construction services for mineral processing 
concentrators, particularly in remote regions similar to the Kaila project. 
Ausenco will support the Kalia Mine Project with recent design experience in 
similar iron ore concentrators, regional experience and the resources to supply 
quality engineering and project solutions to complete the Kalia study with a 
"fit for purpose" design. Ausenco have been awarded the processing and materials 
handling scope of the DFS as the nominated engineer. 
TWP Australia and Ausenco have the approach and cultural fit to work 
cooperatively with the Bellzone project team and successfully deliver a quality 
study necessary to support the schedule to meet the planned first ore shipment 
dates in 2014.  The Company expects that the DFS studies will commence 
immediately and that the DFS will be completed by Q4, 2011. 
 
In support of the increased personnel and technical activities required to 
support the DFS, Bellzone has: 
·      Appointed 
o  Johan Labuschagne - Manager of Mining 
Johan is a mining engineer with more than 20 years multinational mining 
operational experience in South Africa, Zambia, Ghana, Mali and Western 
Australia. His experience covers senior management positions on large owner 
mining open pit iron ore and copper operations, contract mining operations and 
multi-pit gold operations.  Johan has worked in West Africa taking a Greenfield 
mining project to full operational status. His specific experience in Open Pit 
mining covers all aspects from resource development, optimisation and design to 
equipment selection and all operational functions. 
 
o  Rod Davies - Process Manager 
Rod is a metallurgist with over 20 years' experience in the mining and minerals 
industry, covering all aspects from feasibility studies and project management, 
commissioning through to operations. Rod's extensive experience covers a number 
of mineral process including nickel, copper and iron ore for projects located in 
Africa, Australia, Saudi Arabia and Brazil. Rod has recently been involved with 
a number of magnetite project developments in Sierra Leone, West Africa. 
 
·      Increased the Kalia camp capacity, accommodation and facilities. 
 
 In addition, the Company continues to progress the magnetite bulk sample 
process with preliminary results from the initial 10 year Kalia pit indicating 
good performance through standard operating and magnetic separation equipment. 
The full results of the magnetite bulk sampling are expected to be available Q2 
2011. 
Graham Fyfe, Chief Operating Officer commented:"The appointment of TWP and 
Ausenco comes after a long and detailed selection process. I believe we have 
appointed the two consultants who best cover the range of skills and experience 
required to undertake the diversity of the Kalia Mine feasibility study. Both 
have excellent credentials in undertaking projects of this diversity and 
magnitude in Africa. Under the guidance of Bryan Pearce, our Project Director 
and our key project leadership team of Johan as Manager of Mining and Rod as 
Process Manager, we look forward to working with their teams and completing the 
DFS as planned." 
Enquiries: 
 
+---------------------------------+---------------------------------+ 
| Bellzone Mining plc             |                                 | 
| Graham Fyfe/Terry Larkan        | +61 8 9420 8900                 | 
+---------------------------------+---------------------------------+ 
|                                 |                                 | 
| Canaccord Genuity Limited       | +44 (0)20 7050 6500             | 
| Nominated Adviser and Joint     |                                 | 
| Broker to Bellzone              |                                 | 
| Andrew Chubb/Tarica Mpinga      |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
|  Renaissance Capital Limited    |                                 | 
| Joint Broker to Bellzone        | +44 (0)20 7367 7777             | 
| Simon Matthews/Thomas Beattie   |                                 | 
|                                 |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Conduit PR                      |                                 | 
| Jos Simson/Paul Youens          | +44 (0)20 7429 6603             | 
|                                 | +44 (0)7843 260 623             | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
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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