https://www.miningweekly.com

Nullagine delivers on production targets - BC

30th May 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

SYDNEY (miningweekly.com) – ASX-listed BC Iron on Thursday reported that its Nullagine iron-ore joint venture (JV) is now producing at a rate of six-million tons a year.

“I am delighted to report that we have hit our six-million-ton-a-year throughput rate well before the end of this financial year, which is comfortably within our market guidance for the fourth quarter of this year,” said MD Morgan Ball.

“This milestone is expected to be maintained for the life of the JV and shows the significant progress achieved since the Fortescue transaction became effective on January 1.”

Fortescue sold off 25% of its shareholding in the JV to BC earlier this year, taking the junior’s stake in the project to 75%.

Ball said that accomplishing the production milestone only one year after meeting the original long-term target of five-million tons a year, highlighted another strong operational performance and was a direct result of BC’s commitment to the project and its relationship with partners and stakeholders.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.045 0.694s - 114pq - 2rq
Subscribe Now