BCK FMG

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  1. FNN News
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    04/07/13
    10:29
    Post #: 11963199
    .


    Brockman Mining Limited (ASX:BCK) has entered into a non-binding agreement with Flinders Mines to pool infrastructure and transportation costs for its iron ore projects in east Pilbara.


     


    The two companies will form a working group to discuss the sharing of contractor costs and other funding issues.


     


    Their memorandum of understanding comes after Fortescue Metals Group Limited (ASX:FMG) chief Nev Power warned the juniors to negotiate with him over access instead of using regulatory channels.


     


    The agreement comes a day after Brockman said it had appointed rail operator Aurizon to supply infrastructure to its projects, without giving a dollar value for the deal.


     


    Brockman booked a net loss of $17.9 million in the first half of fiscal 2013.

    BCK Price at posting: 5.9¢ Sentiment: None Disclosure: Held
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