Banking sources tell Sky News that $6B is a high but not inconceivable price for Rio to achieve through a sale process, as iron ore prices recently hit their highest level since February.
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Get PriceThe Kumina project in the West Pilbara, about 100km south of Karratha, has a 78.3 million tonnes iron ore resource. "Proceeds from the Kumina sale will be sufficient to fast-track the development of BCI's 100 per cent owned Mardie salt and potash project during 2019," Mr Vorster said.
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Get PriceBCI Minerals has secured the first sale of its Pilbara iron ore divestment process by agreeing to offload the Kumina project to Mineral Resources (MinRes) for up to $35 million.
Get PriceThe IRON Token is both a financial and a real world innovation. With it's link to real physical iron-ore the IRON Token is primed to become a trusted stable coin and the standard for payment across the whole iron-ore industry worldwide.
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Get PriceKerry Stokes-backed BCI Minerals is set to sale off its entire Pilbara iron ore assets, which analysts estimate could fetch more than $100 million.
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Get PriceCleveland-Cliffs Inc. (NYSE CLF) is pleased to announce today that it has entered into a definitive agreement for the sale of substantially all of the assets of its Asia Pacific Iron Ore business to Mineral Resources Limited, a leading Australian mining services company with a portfolio of existing mining operations across multiple commodities, including iron ore.
Get PriceMONTREAL Any move by Rio Tinto to sell its stake in the Iron Ore Company of Canada would likely involve a minority stake much like ArcelorMittal recently did with its iron facility in Quebec
Get PriceIt owns a 64% stake in Sedinberg Iron Ore Pty Ltd. The stake sale, which was agreed upon on 18 October, will take about a year to complete. The proceeds from the sale will factor in adjustments for working capital and closing cash balance, Tata Steel said. IMR Metallurgical is an international trading firm headquartered in Zug, Switzerland.
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Get PriceIron Ore Project to Mineral Resources Limited ("MIN") for total consideration of A$35M cash. Consideration is payable in three tranches, comprising A$27M upon completion of the sale, A$4M upon first export of iron ore from Kumina and A$4M at 12 months after first export.
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