BC Iron Limited (ASX: BCI)
BC IRON SECURES INFRASTRUCTURE DEAL WITH THE
FORTESCUE METALS GROUP LTD
BC Iron Ltd (ASX: BCI) is pleased to announce it has reached an
agreement in principle with The Fortescue Metals Group Ltd for the provision of
rail haulage and port services for BC Iron's Nullagine Iron Ore Project.
The agreement provides for an initial production target of 3 million
tonnes per annum escalating to 5 million tonnes per annum when port and rail
facilities are expanded.
Final details are being discussed with the market being advised
accordingly. $B!H(BWe are pleased that FMG and BC Iron were able to follow on from
the intent of the Memorandum of Understanding signed in 2007.$B!I(B BC Iron managing
director Mike Young said.
$B!F!G(BWhilst final details are being worked out, this deal will overcome the
critical barriers to production caused by lack of open access to rail and port
facilities,$B!I(B he said.
$B!>(B ENDS $B!>(B
Released
by:
On behalf of:
Paul
Armstrong/Nicholas Read
Mr Mike
Young
Read
Corporate
Managing Director
Telephone:
+618 9388 1474
BC Iron Limited
Telephone: +618 9324 3200
READ CORPORATE
Public Relations Corporate
Communications
T: (+61-8) 9388-1474
| F: (+61-8) 9388-1472 | E: info@readcorporate.com.au | Web: www.readcorporate.com.au
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