Dec 10 (Reuters) - BC Iron Ltd BCI.AX :
* Nullagine joint venture to temporarily suspend production of dso pending market conditions
* Says potential for ongoing low grade operation being assessed
* Iron valley operation and buckland project unaffected
* Says expected cash position as at 31 December 2015 of A$42-47M
* Says the suspension of dso operations at the njv will occur progressively over December 2015 and January 2016
* Expected cash position as at 31 December 2015 with debt of US$1.5M and a staged royalty repayment obligation of A$9M
* FY 2016 guidance for the njv is under review pending a decision on an ongoing low grade operation.
* Expected US$3.5 million repayment of the debt facility with offtake partner henghou, following which US$1.5 million will remain outstanding
* Says further costs associated with the temporary suspension of dso operations will be incurred in 2016
* Says decision to suspend dso operations at the njv will impact the company's employees
Source text for Eikon ID:nASX4LX0W