Guinea-focused Bellzone Mining goes bust

Guinea-focused iron-ore company Bellzone Mining has called in the liquidators after its largest shareholder and main backer Hudson Capital prevented it from raising any further equity and debt. The company previously warned that it would go bust if it could not secure a fresh injection of cash and had planned to monetise its Konta port asset. However, the Aim-listed junior said this week that it had not been successful on that front and that it had been left with no alternative to cease trading and to be laced in the insolvency process.