On 14 June, BCI announced that its EBITDA guidance from Iron Valley for FY19 is now right at the top of the range of prior expectations. During the first nine months of the year, BCI’s EBITDA from Iron Valley was A$6.0m from 5.5Mt of material shipped (ie A$1.09 per tonne). In the light of the continued strength of the iron ore price in the aftermath of the Brazilian tailings dams’ disasters, it has now revised its guidance for the full year from A$6–12m to A$11–12m (or
05 Jul 2019
BCI Minerals - Iron ore price continues to power ahead
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BCI Minerals - Iron ore price continues to power ahead
BCI Minerals Ltd (BCI:ASX) | 0 0 -3.2% | Mkt Cap: 59.2m
- Published:
05 Jul 2019 -
Author:
Charles Gibson -
Pages:
8
On 14 June, BCI announced that its EBITDA guidance from Iron Valley for FY19 is now right at the top of the range of prior expectations. During the first nine months of the year, BCI’s EBITDA from Iron Valley was A$6.0m from 5.5Mt of material shipped (ie A$1.09 per tonne). In the light of the continued strength of the iron ore price in the aftermath of the Brazilian tailings dams’ disasters, it has now revised its guidance for the full year from A$6–12m to A$11–12m (or