BC Iron (ASX:BCI) has announced it has received all necessary approvals to mine the iron ore located below the water table at its Iron Valley iron ore project in Australia. This will allow the operating partner to access the entire resource and reserve estimate, resulting in an expected mine life of in excess of 15 years now.
That’s great news for BCI, as the company is now completely depending on the royalty payments by Mineral Resources on the production at the Iron Valley iron ore mine.
Go to BC Iron’s website
The author has no position in BCI. Please read the disclaimer
