jakkiboy
Re: BC Iron
FMG to hold 25.0% share of JV
FMG to allocate 6.0mta capacity to JV as from 1 January 2013
Therefore haulage charged will be on 6.0mt per annum, at what price,, I am not sure.
EXTRACT
Completion of Sale of 25% Interest in Nullagine Iron Ore Joint Venture
Fortescue Metals Group Ltd (ASX: FMG, Fortescue) has today received the total net proceeds of A$190 million from BC Iron Ltd (ASX: BCI) in relation to the sale of a 25% interest in the Nullagine Iron Ore Joint Venture (“NJV”).
Effective from 1 January 2013, Fortescue will hold a 25% interest in the NJV and the capacity available to the NJV on Fortescue’s rail and port infrastructure will be 6 Mtpa.
Fortescue Chief Executive Officer Nev Power said he looked forward to continuing to build upon the strong relationship we have established with BC Iron over the years.
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