01/06/2009 - 09:10

BC Iron extends halt, still in FMG talks

01/06/2009 - 09:10

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The trading halt in shares of BC Iron has been turned into a suspension, as the mining junior continues to negotiate the details of access to Fortescue Metals Group's rail and port facilities in the Pilbara.

The trading halt in shares of BC Iron has been turned into a suspension, as the mining junior continues to negotiate the details of access to Fortescue Metals Group's rail and port facilities in the Pilbara.

BC Iron requested the suspension on Monday, saying it continued to negotiate the agreement with Fortescue to provide rail haulage and port services for BC's Nullagine Iron Ore Project.

"The company is not yet in a position to provide full details to the market," the company said.

Last week, BC Iron said it had reached in-principle agreement with FMG over key terms of a port access and rail haulage agreement and had yet to finalise details

BC Iron's shares last traded at 62.5 cents.

 

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