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Guinea-focused iron ore and nickel explorer Bellzone Mining’s (LN:BZM) new placing was not popular with investors, with the share price dropping 18% on the news 128 million shares would be issued to raise £1.6 million (US$2.13 million).
"Better check it at night too, team": Bellzone is planning a nickel mine as an entree to its Kalia iron ore project
The company has been working on the Kalia project since the iron ore boom but the price collapse (with the help of Ebola) sent the company looking for alternatives.
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