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Bellzone hints at potential sale of Konta port, Kalia mine in Guinea

Bellzone Mining PLC said June 11 that it is exploring options "to maximize the present value of its major assets," the Konta port and the Kalia iron ore project in Guinea.

Bellzone said it started an "active dialogue" with a number of unrelated parties, but emphasized that discussions are still at an exploratory stage and there is no certainty of a future transaction.

The company noted that the port has an installed bulk commodities capacity of 4 million tonnes per annum with room to expand to 10 mtpa. The increase in mining activity in Guinea and the shortage of port infrastructure has enhanced the potential value of Konta, the company said.

Regarding the company's mining assets, Bellzone said Kalia has a bankable feasibility study, and the second stage of the ferronickel project feasibility study is targeted to be completed by the end of 2018.