BC to pay off debt

BC IRON is close to being debt-free with plans to repay the remaining $US30.8 million ($A39.8 million) outstanding on its secured term loan facility.

BC to pay off debt BC to pay off debt BC to pay off debt BC to pay off debt BC to pay off debt

The company will make the repayment on June 29, retiring the $130 million facility with ANZ and Commonwealth Bank which was used to acquire a further 25% in the Nullagine joint venture in late 2012.