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China,Guinea : BELLZONE MINING obtains loan from CHINA SONANGOL INTERNATIONAL

September 2, 2014



The Republic of Guinea-focused miner Bellzone Mining will obtain $750,000 (£451,000) from China Sonangol International.

The payment will be obtained under the loan agreement the two firms stipulated on 18 August. The payment will see the total received by the mining firm rise to $1.5m. It expected the new payment to enable operations to continue until mid-September, the group stated.

Bellzone's finances continued "to look precarious at the company with the latest draw-down giving little breathing space."


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Source: TendersInfo (India)


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