BC Iron prepares to die

Thursday, 10 December 2015

From the AFR:

Junior exporter BC Iron has gone into a trading halt as its considers whether its flagship asset has a future amid depressed iron ore prices.

BC told the ASX it was reviewing “various operating scenarios” for its Nullagine joint venture with Fortescue Metals Group, in light of iron ore prices sliding below $US40 per tonne this week.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.