BC Iron swings back to black

Junior miner BC Iron has swung back into black during the full year ended June, as the company’s Iron Valley operation delivered strong results. BC Iron on Wednesday reported after tax profit of A$7.1-million from continuing operations, compared with a loss of A$43.9-million in the previous financial year. Including a A$1.4-million charge from the sale of its share in the Nullagine iron-ore project to joint venture (JV) partner Fortescue, BC Iron reported total profit of A$5.7-million, compared with a loss of A$82.7-million in 2016.