Kalia rings to a $4.3 billion tune

摘要

AIM-listed Bellzone Mining plc has releasedkits DFS for its second, and flagship, iron ore mine in Guinea - Kalia.Bellzone management said in a teleconference from London that the Kalia mine DFS showed the project was technically viable and could be cash positive within three years of operation.Chief operating officer Graham Fyfe said the DFS arrived with two plausible scenarios, dependent on the level of investment available from finance partners."We completed the DFS in March but delayed the release to give our partners as much time as possible to finish their infrastructure studies," Fyfe said over the phone. "The endpoint of our DFS has given us two scenarios that are un-optimised in terms of capex and opex."