BC Iron secures infrastructure deal withThe Fortescue Metals...

BC Iron secures infrastructure deal with
The Fortescue Metals Group Ltd
BC Iron Ltd (ASX: BCI) is pleased to announce it has reached an agreement in
principle with The Fortescue Metals Group Ltd for the provision of rail haulage and
port services for BC Iron's Nullagine Iron Ore Project.
The agreement provides for an initial production target of 3 million tonnes per annum
escalating to 5 million tonnes per annum when port and rail facilities are expanded.
Final details are being discussed with the market being advised accordingly.
“We are pleased that FMG and BC Iron were able to follow on from the intent of the
Memorandum of Understanding signed in 2007.” BC Iron managing director Mike
Young said.
‘’Whilst final details are being worked out, this deal will overcome the critical barriers
to production caused by lack of open access to rail and port facilities,” he said.