As consideration for the sale, Fortescue will pay BC Iron a royalty on 75% of the future iron ore that is mined from the NJV tenements.
Specifically, the royalty is:
1.0%-2.0% of free-on-board revenue received by Fortescue for direct shipping ore (≥55% Fe); and
A$0.50-1.50 per tonne for low grade ore (<55% Fe), adjusted for 15% yield loss.
A 50% reduction in the royalty rate will apply to all iron ore mined above 15 million tonnes, and a 75% reduction for all iron ore mined above 25 million tonnes.
Fortescue will initially pay BC Iron 33% of the agreed royalty in cash, until the total amount waived by BC Iron equals A$7.5M. Thereafter, Fortescue will pay BC Iron 100% of the agreed royalty. The amount to be waived by BC Iron is intended to
- Forums
- ASX - By Stock
- NJV NJV!!
As consideration for the sale, Fortescue will pay BC Iron a...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCI (ASX) to my watchlist
|
|||||
Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $634.5M |
Open | High | Low | Value | Volume |
23.0¢ | 23.0¢ | 22.0¢ | $1.106M | 4.915M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 176953 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 40304 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 176953 | 0.220 |
8 | 604801 | 0.215 |
4 | 171432 | 0.210 |
4 | 296692 | 0.205 |
6 | 121650 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 40304 | 1 |
0.230 | 50000 | 1 |
0.235 | 166267 | 7 |
0.240 | 163346 | 4 |
0.245 | 276416 | 9 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
BCI (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online