IRON-ORE
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.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access