New contract to lower costs - BC Iron

ASX-listed iron-ore miner BC Iron is expecting to save between A$2/t and A$3/t in C1 cash costs at the Warrigal hub, at its Nullagine joint venture (JV), in Western Australia, following the award of a A$40-million mining, crushing and screening contract to fellow-listed Viento Group. “Our contracting strategy is key to our 2015 cost reduction efforts and it is pleasing to achieve meaningful savings for the Warrigal hub,” said MD Morgan Ball on Wednesday.