BC IRON LIMITED Mining News

BC Iron tries its luck in the potash industry

Joint venture with Kalium Lakes has added the Carnegie potash project in Western Australia to the company’s increasingly diverse project portfolio.

Iron ore prices hit by fresh evidence of looming surplus

Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.

Iron ore prices: the worst is yet to come

Despite the rosy outlook from Australia’s top iron ore producers, they are all facing staggering demand from their biggest customer — China.

Iron ore nose-dives, hits fresh lows of $44.6 per tonne

Chinese import price for 62% iron content fines at the port of Qinqdao lost $5.01 or 10.01% of its value to $44.59 a tonne, the largest percentage drop on record.

Iron ore prices going from bad to worse — below $50

The sustained losses place smaller miners back in the danger zone.

Commodity slump forces BC Iron to quit Brazilian project, revalue mines

The Australian junior iron ore producer is also studying whether it needs to write down the value of any ­assets ahead of next month’s half-year result.

Heads roll as BC Iron forced to cut costs amid weakest price in years

Founding managing director Mike Young among the ones leaving the company.

Nullagine iron ore mine extended by 1.5 years

BC Iron's Nullagine mine in Australia will produce another 18 months thanks to an updated mineral resource at it Bonnie East deposit.

BC Iron Ore ends corporate merry-go-round

The game of corporate musical chairs has ended with more frustrations than success for the two companies concerned, after BC Iron Ltd (ASX: BCI) got annoyed about Regent Pacific withdrawing its original bid, BC Iron then successfully got the bid reinstated through Australia's Takeovers Panel, and then deciding it didn't want to proceed. The end of this chain was the expert's report to BC Iron that, in summary, said Regent Pacific's bid was neither fair nor reasonable.

Regent Pacific offer for BC Iron now back on the table

Seven days after putting Regent Pacific on notice that it should not withdraw its takeover offer, Regent informed BC Iron yesterday that it had entered into a binding mandate letter with Standard Chartered Bank of Hong Kong and Westpac Banking Corporation for $US155 million debt finance. BC Iron said Regent has now advised it will change its recommendation to its shareholders to vote in favour of the acquisition of all BC Iron shares.

Australian regulator halts Regent Pacific's attempt to drop BC Iron bid

Hong Kong-based Regent Pacific Group Ltd said it would consider reinstating debt funding for its original bid for Australian iron ore producer BC Iron Ltd. This move follows a decision by Australia's Takeovers Panel declaring a case of "unacceptable circumstances" for Regent's "purported termination" of its takeover scheme with BC Iron.