BCI to di­vest iron ore as­sets

The Australian Mining Review - - NEWS - WA

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.

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