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Bellzone Shares Fall After Forecariah Iron Ore Output Downgrade
Mar. 28, 2013 02:36AM PST
Base Metals Investing
Bellzone shares fell at least 40% on Wednesday after it cut its Forecariah iron ore production forecast to less than a quarter of what it originally planned.
Bellzone shares fell at least 40% on Wednesday after it cut its Forecariah iron ore production forecast to less than a quarter of what it originally planned.
As quoted in the market news:
Bellzone said Forecariah, a joint venture with China International Fund, is expected to produce 800,000 to 1 million tonnes of iron ore in 2013.