Bellzone Shares Fall After Forecariah Iron Ore Output Downgrade

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.

Click here to read the full Reuters report.