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BRIEF-BC Iron issues quarterly activities report for June 2015 quarter

Published 23/07/2015, 11:06 am
BRIEF-BC Iron issues quarterly activities report for June 2015 quarter
BCI
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July 23 (Reuters) - BC Iron Ltd BCI.AX :

* Quarterly activities report - June 2015 quarter BCI.AX

* Says June realised cfr price of us$49/dmt (a$63/dmt) from average cfr 62% fe price of us$58/dmt

* Says "FY 2015 guidance achieved for production, operating costs and capital expenditure"

* Says June quarter ore mined (dry) 1.56 mt, down 10 percent

* Says "continuing to strive for further cost reductions in light of expected ongoing volatility in iron ore prices"

* Says for 2016, njv c1 cash costs are expected to be A$42-45/wmt (fob) and Bc iron's all-in cash costs are expected to be A$48-54/wmt (fob)

* Says njv capital expenditure for FY 2016 is forecast to be A$16-19M

* Expects nullagine joint venture sales for FY 2016 will be 4.9-5.3m wmt

* Source text for Eikon ID:nASX6JZVVw

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