Guinea-focused miner Bellzone said it has sold a bulk-carrying ship due to the iron ore production forecasts reduced. According to the Forecariah, a joint venture with china International Fund, forecasted it should produce 800,000 to 1,000,000 tons of iron ore this year, which is less than a quarter of original forecasts. The ship – FGM Iron- is no needed and has been sold of US$8.9 million.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64756&division=A9
