BCI to divest iron ore assets

BCI Minerals is looking to divest its iron ore assets in the WA Pilbara.

The diversified miner’s iron ore portfolio comprised the Iron Valley, Kumina, Bungaroo South projects and surrounding exploration tenements, and Cape Preston East port rights.

BCI said it has been approached by multiple parties that have expressed strong interest in acquiring the assets.

The company said funds realised through the divestments would enable it to rapidly progress its Mardie salt and sulphate of potash Definitive Feasibility Study, and maintain 100 per cent ownership through to a target final investment decision date in late 2019.