🕐15.02.11 - 04:54 Uhr
BC Iron - Clarification of Media Comment
BC Iron Limited
ASX Announcement
15 February 2011
Clarification of Media Comment
On 13 February 2011, an "article" appeared on a foreign website that in
recent days has been circulated to a number of websites and blogs.
We believe that this article is highly misleading and its credibility must
be brought into question, given the large number of inaccuracies throughout
the article, along with its highly speculative nature.
The BC Iron Board confirms that it has been in recent discussions with its
major shareholder Consolidated Minerals Limited regarding the Regent
Pacific offer (refer ASX announcement dated 21 January 2011).
However,
while we can say that these discussions have been positive and
constructive, we are unable to confirm the intention of Consolidated
Minerals in relation to Regent Pacific Groups takeover offer for BC Iron.
Tony Kiernan
Chairman
For further information please contact:
Tony Kiernan / Mike Young
Chairman / Managing Director
BC Iron Limited
T: +618 6311 3400
David Tasker / James Harris
Professional Public Relations
T: +618 9388 0944
About BC Iron Limited
BC Iron is an iron ore development and mining company with key assets in
the Pilbara region of WA.
The Companys core asset is the Nullagine Iron
Ore Project, a 50/50 joint venture with Fortescue Metals Group Limited.
The
JV will use Fortescues infrastructure at Christmas Creek, 50 km south of
the Mine, to rail its ore to Port Hedland from where it will be shipped to
customers overseas.
Mining commenced in November 2010 and first ore on ship
is expected in the March Quarter of 2011 - just over four years from
listing on the ASX.
The Company plans to export 1 Mt by June 2011 at which
point BC Iron will be mining at a throughput of 3Mtpa.
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