https://newsletter.mw.creamermedia.com
Business|Design|Financial|PROJECT
Business|Design|Financial|PROJECT
business|design|financial|project

BCI readying for Mardi blow-out

28th February 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed potash developer BCI Minerals this week told shareholders that it was looking at quantifying and obtaining additional funding for the anticipated cost blow-out at its Mardie potash project, in Western Australia.

The company is currently finalising a cost and design review of the Mardie project, as well as a new base case financial model, after previously warning shareholders that project costs were expected to be "materially more" than the previously estimated A$913-million.

However, the company this week said that it expected to generate more revenue and earnings than previously projected, given the current and projected salt and sulphate of potash (SoP) prices.

BCI said in a statement that discussions were continuing with prospective funding providers, with the company looking at a combination of equity, debt and asset sales.

The company is expected to release an updated business case for the Mardie project by April.

Mardie is expected to produce 5.35-million tonnes a year of salt and 140 000 t/y SoP, over a projected mine life of at least 60 years.

 

Edited by Creamer Media Reporter

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 17 January 2025
Magazine round up | 17 January 2025
17th January 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.089 0.16s - 144pq - 2rq
Subscribe Now