BC Iron inks deal with Palmer firm for Pilbara

Original article by Tess Ingram
The Australian Financial Review – Page: 8 : 2-Oct-17

BC Iron reported on 29 September that it had entered into an agreement to acquire mining tenements in Western Australia’s Pilbara region from Clive Palmer’s Mineralogy company. BC Iron, in which billionaire Kerry Stokes has a 22.7 per cent stake, will pay Mineralogy $A9 million for the tenements, along with two ongoing royalties. The tenements are located near BC Iron’s Buckland iron ore project.

CORPORATES
BC IRON LIMITED – ASX BCI, MINERALOGY PTY LTD, CITIC PACIFIC MINING MANAGEMENT PTY LTD

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