BCI sells its iron ore asset adjustment business to become a salt and potash producer

SMM8, April 24-BCI Minerals, which is listed on the Australian Stock Exchange, has officially begun selling its iron ore assets in Pilbala, its Iron Valley (Iron Valley), Kumina (Kumina) and Bangalu (Bungaroo South) mining projects. And the proposed Cape Preston (Cape Preston East port) project is already on the market.

The company intends to use the proceeds from the sale of its iron ore assets to advance the final feasibility study of Mardie and maintain ownership until the final investment decision date at the end of 2019.

BCI is readjusting its business to become a producer of salt and potash. Analysts estimate that BCI's iron ore assets could be worth more than $100m.

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