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Bellzone Mining goes into liquidation

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Bellzone Mining goes into liquidation

Bellzone Mining PLC said Dec. 13 that it has been unable to secure new funding and filed for the appointment of liquidators.

The company, which was developing the Kalia iron ore project in Guinea, had been seeking funding from its main shareholder, Hudson Global Group Ltd., and other potential partners for several months.

Following confirmation from Hudson that it will not provide support, Bellzone said in the latest statement that the talks on monetizing its Konta port asset in Guinea have been unsuccessful, and it has been left with no alternative but to cease trading.

Its nominated adviser and broker resigned, and Bellzone's admission to the AIM segment of the London Stock Exchange will be canceled within a month.