BCI 2.22% 22.0¢ bci minerals limited

fmg selling their stake in the jv...?

  1. 226 Posts.
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    Particularly...

    The fund manager said Fortescue would need to resort to asset sales, potentially including its 50-50 joint venture with BC Iron, or shut down higher-cost producing mines such as Cloudbreak. Alternatively, Fortescue could seek prepayment under its rail agreement with BC Iron, to raise money.

    Read more: http://www.theage.com.au/business/fortescue-lashed-over-finance-talks-20120913-25v32.html#ixzz26Obtn731
 
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