Bellzone in Talks to Raise $865 Million for Guinea Ore Mine
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Bellzone Mining Plc, an iron-ore producer in Guinea that sells to Glencore Xstrata Plc, is in talks with potential lenders for $865 million to fund development of a new mine in the country.
Initial talks with potential partners have begun and the company is seeking to complete a financing accord early next year as it starts building the Kalia project, Chief Executive Officer Glenn Baldwin said today in an interview in London. The company is being advised by Macquarie Group Ltd.