BCI Minerals to sell Iron Valley for $72.6m
BCI Minerals to sell Iron Valley for $72.6m Iron Valley, a subsidiary of BCI Minerals (ASX: BCI), is selling its Iron Valley iron ore assets to Polaris Metals, a subsidiary of Mineral Resources (ASX: MIN), for up to $72.6m. Iron Valley will receive $26m on completion of the transaction, which is expected in July 2024, and a further $12.5m contingent on commencements of mining at the Iron Valley north pit. The existing iron ore sale and purchase agreement between BCI and Mineral Resources will terminate upon completion of the transaction, with BCI to receive a final deferred payment...