BCI Minerals reported a c 33.3% increase in royalty EBITDA during Q3 from operations at Iron Valley under the influence of higher iron ore prices in the aftermath of Vale’s Feijao tailings dam disaster in January and the supply disruptions to exports from north-western Australia occasioned by a trio of cyclones in the region. Notwithstanding the disruptions, shipments from Iron Valley were steady at 1.8Mt (cf Edison’s prior estimate of 7.5Mt for FY19, or 1.875Mt per quarter)
16 Apr 2019
BCI Minerals - Increasing iron ore royalties supporting Mardie
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BCI Minerals - Increasing iron ore royalties supporting Mardie
BCI Minerals Ltd (BCI:ASX) | 0 0 -3.2% | Mkt Cap: 59.2m
- Published:
16 Apr 2019 -
Author:
Charles Gibson -
Pages:
8
BCI Minerals reported a c 33.3% increase in royalty EBITDA during Q3 from operations at Iron Valley under the influence of higher iron ore prices in the aftermath of Vale’s Feijao tailings dam disaster in January and the supply disruptions to exports from north-western Australia occasioned by a trio of cyclones in the region. Notwithstanding the disruptions, shipments from Iron Valley were steady at 1.8Mt (cf Edison’s prior estimate of 7.5Mt for FY19, or 1.875Mt per quarter)