Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bellzone to Invest $250 Million in Guinean Iron-Ore Project

Don't Miss Out —
Follow us on:

Dec. 3 (Bloomberg) -- Bellzone Mining Plc, an iron-ore company operating in West Africa, will spend at least $250 million developing the Forecariah mine in Guinea, said Frederic Materne, the project manager.

“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.

To contact the reporter on this story: Ougna Camara in Conakry via Nairobi at

To contact the editor responsible for this story: Antony Sguazzin at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.