- Flinders Mines (FMS) has received an offer from farm-in partner BBI to restructure infrastructure ownership at the Pilbara Iron Ore Project (PIOP)
- BBI wants to divest its share in the project and offload its port and rail infrastructure, with Flinders to gain 100 per cent control of both
- BBI has floated the potential deal as a means to streamline financing discussions for the project with mining and infrastructure assets under a single corporate umbrella
- Flinders would pay the nominal sum of $1 plus a five per cent royalty on all goods shipped from the Balla Balla Port facility to settle the deal
- The deal is still embryonic at this point, with both companies needing to complete due diligence and gain approvals from shareholders and regulators
Flinders Mines (FMS) has received an offer from farm-in partner...
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