Thursday 11 June 2015

Otmane El Rhazi : BC Iron set to pay off debts

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

The share price of iron-ore miner BC Iron jumped by nearly 9% on Thursday after the company announced that it complete the repayment of a $130-million bank facility with the ANZ and Commonwealth Bank some 18 months ahead of schedule. The miner announced to shareholders that it would repay the remaining $30.8-million outstanding on the secured term loan by the end of June this year.

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