Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore miner BC Iron and fellow-listed Mineral Resources have amended the terms of the existing Iron Valley iron-ore sales agreement, in an effort to negate the declining market conditions. Mineral Resources signed the initial Iron Valley agreement with Iron Ore Holdings (IOH) in February last year. However, BC acquired IOH earlier this year, offering IOH shareholders 0.44 of its own shares, and 10c in cash for every IOH share.
Iron-ore miner BC Iron and fellow-listed Mineral Resources have amended the terms of the existing Iron Valley iron-ore sales agreement, in an effort to negate the declining market conditions. Mineral Resources signed the initial Iron Valley agreement with Iron Ore Holdings (IOH) in February last year. However, BC acquired IOH earlier this year, offering IOH shareholders 0.44 of its own shares, and 10c in cash for every IOH share.
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