Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore miner BC Iron on Thursday announced it would terminate its mining contract with project house Watpac early in an effort to save between A$2/t and A$3/t in costs. The junior told shareholders that current market conditions and the competitiveness and pricing seen in the recent Warrigal hub contract tender had convinced the company to exercise its early termination rights over the mining, crushing and screening contract with Watpac.
Iron-ore miner BC Iron on Thursday announced it would terminate its mining contract with project house Watpac early in an effort to save between A$2/t and A$3/t in costs. The junior told shareholders that current market conditions and the competitiveness and pricing seen in the recent Warrigal hub contract tender had convinced the company to exercise its early termination rights over the mining, crushing and screening contract with Watpac.
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