BC Iron completes purchase of 25% in Nullagine Iron Ore

摘要

ASX-listed iron ore developer and miner BC Iron has completed its purchase of a 25% stake in the Australian Nullagine Iron Ore joint venture from Fortescue Metals Group for $190 million. Effective January 1, BC Iron will have a 75% stake in the JV, and it will have access to 6 million mt/year through Fortescue's Christmas Creek infrastructure, 50 km south of the mine, it said in a regulatory filing Tuesday.