Bellzone to Invest $250 Million in Guinean Iron-Ore Project
“The funds will be invested in iron ore, the construction of roads and the port,” Materne said in remarks broadcast on Radio Television Guineenne, the state-owned broadcaster based in Conakry, the capital. “The investment may increase to $350 million” if production is boosted, he said.
Bellzone Chief Executive Officer Nik Zuks said in August iron-ore production is expected to start at Forecariah in March.
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