SYDNEY, Dec 11 (Reuters) - Australian iron ore miner BC Iron Ltd BCI.AX on Friday said it was suspending operations at its Nullagine joint venture because of low ore prices, sending its stock down more than 18 percent.
BC Iron holds 75 percent of the joint venture. Fellow Australian miner Fortescue Metals Group FMG.AX has 25 percent.
Operations will only resume if there is an appropriate change in market conditions, the company said.
The stock stood at 15.5 Australian cents at 0143 GMT.