22
Oct
15:26
MinRes to buy Kumina
Mineral Resources has agreed to buy the Kumina iron ore project from BCI Minerals. The sales marks the first as BCI attempts to sell off all its iron ore assets to focus on other minerals, Kallanish notes.
MinRes has agreed to pay AUD 27 million ($19.19m) at the completion of the contract, expected at the end of 2018. It has also agreed to pay an additional AUD 4m when it exports its first shipment from the project and another AUD 4m twelve months afte…
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Anonymous
Very good overview of the weekly steel market.
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