Tuesday 24 February 2015

Otmane El Rhazi : BC profits fall as Nullagine strikes clay

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



ASX-listed BC Iron has reported a net loss after tax of A$96.3-million during the six months ending December, as the price of iron-ore continued to decline and the miner was faced with difficult operating conditions at its Nullagine joint venture (JV), in Western Australia. The first half earnings compared with a net profit after tax of A$69.6-million in the previous corresponding period.

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