CAPITAL MARKETS

Stokes confirms BCI backing with Mardie now funded

KERRY Stokes is investing up to A$110 million in BCI Minerals’ $360 million equity fundraising for development of the $1.2 billion Mardie salt and potash project in Western Australia.

Construction at BCI is set to accelerate

Construction at BCI is set to accelerate

Stokes' Wroxby is a 39.5% shareholder in BCI, which currently has an enterprise value of just $180 million. The $360 million being raised comprises a $240 million placement and $20 million share purchase...

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