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Home Steel News Bellzone sells bulk ship due to lower iron ore output from Guinea
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Bellzone sells bulk ship due to lower iron ore output from Guinea

4 Jun 2013 18:02 reported by Margaret Yeh

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Guinea-focused miner Bellzone said it has sold a bulk-carrying ship due to the iron ore production forecasts reduced.

According to the Forecariah, a joint venture with china International Fund, forecasted it should produce 800,000 to 1,000,000 tons of iron ore this year, which is less than a quarter of original forecasts.

The ship – FGM Iron- is no needed and has been sold of US$8.9 million.

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