- Write by:
-
Monday, December 24, 2018 - 12:55:21 PM
-
948 Visit
-
Print
Mining News Pro - Mineral Resources has wrapped up the acquisition of the Kumina iron-ore project from fellow-listed BCI Minerals.
According to Mining News Pro - The company reported on Friday that it had paid A$27-million of the total A$35-million price tag, with the balance to be paid in two instalments linked to certain milestones.
BCI said previously that it would use the proceeds of the sale to fast track the development of its Mardie salt and potash project.
The Kumina project, located in the West Pilbara region about 100 km south of Karratha, will enable Mineral Resources to continue to be a junior iron-ore producer and exporter. It has an inferred resource of 78.3-million tonnes at 59.1% iron at a 57% iron cut-off.
Short Link:
https://www.miningnews.ir/En/News/318636
Mining News Pro - “Value of Impasco Mining Resources are $5.73 billion. The value of explored mining resources are about ...
Mining News Pro - JSE- and Aim-listed Pan African Resources’ production for the six months ended December 31, 2018, ...
Mining News Pro - Vancouver-based juniors Defiance Silver Corp. (TSXV: DEF) and ValOro Resources Inc. (TSXV: VRO) stocks ...
Mining News Pro - America’s National Mining Association (NMA) and the Society for Mining, Metallurgy & Exploration have ...
Mining News Pro - BCI Minerals has secured the first sale of its Pilbara iron ore divestment process by agreeing to ...
Mining News Pro - Mining resources and energy sector led Australia’s year-on-year rise in job advertisements, according ...
No comments have been posted yet ...