Base metals trading house Tennant Metals says it will seek damages from BC Iron because the iron ore mining hopeful terminated a contract between the parties.
Trading house Tennant Metals has challenged the termination of an off-take agreement with BC Iron over the Nullagine iron ore project, which is being developed in joint venture with Fortescue Metals Group.
BC Iron has secured its first offtake agreement for its Nullagine project in the Pilbara, with the contract starting from 2010 over a minimum five-year period.
