MinRes buys Kumina

MINERAL Resources has had a much-needed win after a year of corporate transactions that haven’t quite gone the company’s way by securing a binding agreement to purchase the Kumina iron ore project in Western Australia’s Pilbara region from BCI Minerals.

MinRes buys Kumina MinRes buys Kumina MinRes buys Kumina MinRes buys Kumina MinRes buys Kumina

Drilling at Kumina

It will pay BCI A$35 million comprising $27 million at close and two $4 million payments based on the first export of iron ore and on the first year anniversary for tenements that BCI only secured in

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