Bellzone secures CIF funding for Kali Project

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25 May 2010

China International Fund has agreed to fund Bellzone Mining’s Kalia Iron Project based in Guinea.

Bellzone Mining has signed a memorandum of understanding (MoU) with China International Fund Limited (CIF) to fund the development of its Guinea Kalia Iron Project.

CIF has agreed to fund the entire infrastructure required for the Kalia Iron Project including a rail system, bulk storage facilities, port, port loading facilities, port services and power...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%