TIDMBZM
Bellzone Mining PLC
20 June 2011
20 June 2011 - 7:00 am
Bellzone Mining plc
("Bellzone" or the "Company")
Project Management Appointments
-- Dr Bryan Pearce appointed Director of Projects
-- Mr Gino Macchiusi appointed Project Manager for Kalia Mine
Project
-- Mr Martin Hills appointed Project Manager for Forecariah
Joint Venture
-- Mr Jason Livingstone appointed Geological Development
Manager
Bellzone Mining plc (AIM:BZM), the iron ore and nickel/copper
company developing the Kalia Mine Project ("Kalia") and the
Forecariah JV in conjunction with China International Fund Limited
("CIF") in the Republic of Guinea, West Africa, is pleased to
announce changes to its technical management structure and
additional related appointments.
The project management structures have been changed to
accommodate the multi project nature of the Company, reflecting its
growth and development.
Dr Bryan Pearce has been appointed to the new position of
Director of Projects. Dr Pearce holds a number of engineering
qualifications and has in excess of 25 years' project experience
specialising in mining, processing and heavy industry project
management. Dr Pearce has worked extensively in the UK, Europe,
Africa, Asia, the Middle East and Australia for consulting
companies such as Bechtel and WorleyParsons, and for operating
companies such as Fortescue Metals Group and ExxonMobil
Corporation. As Director of Projects, Dr Pearce will be based at
the Company's Beijing office and commute to Guinea and Perth as
needed. Bryan will manage Bellzone's interests in:
-- Forecariah JV (in partnership with CIF) due for production in
Q1 2012
-- Bellzone's 100% owned Kalia Mine Project due for production
in 2014
-- CIF's funded and 90% owned multi-user rail and port
infrastructure due for operation in 2014
Mr Gino Macchiusi joins Bellzone and takes over from Dr. Pearce
as Kalia Mine Project Manager. Mr Macchiusi has over 30 years of
project execution and project management experience within the
mining, resource and oil and gas sectors. During the past 15 years
he has held senior project management roles on major projects for
BHP Billiton, Alcoa, Rio Tinto, Woodside Petroleum and Fortescue
Metals. Gino is responsible for delivering the Kalia Mine
Definitive Feasibility Study and moving the project into the
construction phase, through to operations.
Mr Martin Hills joins Bellzone as Project Manager for the
Forecariah JV. Mr Hills will be primarily based in Guinea. Mr Hills
has in excess of 30 years in geology and resources project
development ranging from exploration through to operations in
mining as well as oil and gas. He has worked in Canada, Guinea,
Niger, Paraguay, South Africa, Australia, Ireland and Scotland and
has authored a number of technical papers. Martin will manage
Bellzone's in-country interests in the development of the Yomboyeli
resource and infrastructure and will be supported by Dr. Pearce
from the Beijing office and Fred Materne, Bellzone's in-country
Project Manager.
Mr Jason Livingstone has joined Bellzone's Geological team as
Geological Development Manager. Jason has 12 years' experience
ranging from grass roots exploration activities through to
operating mining environments in Australia, Sierra Leone, Republic
of Guinea, Tunisia, Mozambique, Tanzania, China and Central
America. Jason will lead the resource modelling and geological
forecasting department.
Graham Fyfe, Chief Operating Officer, commented: "Bellzone's
projects are attracting highly skilled staff. The new team members'
skills and experience are directly related to our project needs,
fast track project delivery and development in Africa.
Our team will continue to grow as our projects progress to
ensure we remain well positioned to deliver our projects as per our
forecasts."
Enquiries:
Bellzone Mining plc
Graham Fyfe +61 (0) 8 9420 8900
Canaccord Genuity Limited
Nominated Adviser and Joint Broker
to Bellzone +44 (0)20 7050 6500
Andrew Chubb/Tarica Mpinga
Renaissance Capital Limited
Joint Broker to Bellzone +44 (0)20 7367 7777
Simon Matthews
Tavistock (UK)
Jos Simson/Paul Youens +44 (0)20 7 9203 150 / +44 (0)7899
870 450
PPR (Australia)
David Ikin +61 (0) 8 9388 0944 / +61 (0)
408 438 772
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.
Kalia Mine
The Company's flagship project, the Kalia Mine, has a magnetite
JORC resource of 3.74 billion tonnes, located on the Kalia I
prospect and an initial oxide JORC resource producing 43 million
tonnes of 58% product from just 4.3% of the 55km(2) of the mapped
surface oxides on the Kalia permit. Drilling results and internal
estimates indicate that the Kalia Prospect has the potential to
host more than 10 billion tonnes of magnetite and 2 billion tonnes
of oxide.
Bellzone plans to develop the Kalia Mine in two stages;
-- commencing with a 20mtpa oxide production facility in 2014
and a 10mtpa magnetite concentrator in 2015,
-- stage two increases oxide output to 30mtpa in 2017 and
doubles the concentrate output to 20mtpa in 2018.
CIF - Project, Financing & Infrastructure Partner
Bellzone has a Definitive Agreement ("the Agreement") with China
International Fund Limited ("CIF"). The Agreement gives CIF right
of first refusal to purchase Kalia' s production at market rates
and CIF commits to providing Bellzone commercially related funding
for the development of the Kalia Mine Project.
The Agreement contains CIF's commitment to fund and build a
commercially operated rail and port infrastructure that will enable
Bellzone to export production from Kalia. The infrastructure is
being developed by Kalia Horizon Minerals Pte Limited that is 90%
owned by CIF with Bellzone having a 10% carried interest. The
Agreement provides for Bellzone to be the lowest cost user with
permanent priority access.
Forecariah JV
In addition to the Kalia Mine Project, Bellzone and CIF have
fully funded a joint venture to undertake the accelerated
exploration and development programme at CIF's Forecariah iron
permits that lie between 30 and 80 kms from the Guinea coast.
Production will start in Q1 2012 and will target an initial
production rate of 3-4 mtpa of oxide ore ramping to a rate of 10
mtpa in 2013.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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