Iron ore junior seeks royalty relief
By Rachel Dally-Watkins 9 April, 2015 DESPITE ongoing cost reduction initiatives, BC Iron will receive assistance from the WA Government through the temporary iron ore royalty assistance program. BC Iron announced in early April that it would receive a deferral of 50 per cent of iron ore royalties paid for the December 2014 to September 2015 quarters, subject to its freight on board received price remaining below $90 per dry metric tonne during the period. The move would defer between $8 million and $12 million of royalties, which would be payable in seven equal quarterly installments between March 2016 and September 2017. “Smaller iron ore producers make up an important part of the industry that has, and will continue to,…