BCI s potash project gets EPA recommendation for environmental approval
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BCI Minerals Ltd receives favourable EPA recommendation for Mardie Salt & Potash Project
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11:42 AM | January 8, 2021 | Daniel Marshall
BCI Minerals Limited (BCI, Perth, Australia) has announced that the Northern Australia Infrastructure Facility (NAIF) Board has made an investment decision to approve a loan facility the Mardie Salt & Potash Project, subject to certain conditions.
The NAIF loan facility is for a total of 450 million AUD to be used for construction and ramp-up of the Mardie Project and associated financing fees and costs and would account for a significant proportion of the full Mardie development funding requirement.
BCI’s Managing Director Alwyn Vorster said the loan “recognizes the potential long-term benefits which Mardie will bring to the region, including new port infrastructure available to third party users. Importantly, the loan will also provide significant momentum for BCI to secure the remaining debt and equity funding components required for Mardie’s development fees and costs.”
Why the BCI Minerals (ASX:BCI) share price reached a multi-year high today
Aaron Teboneras | December 14, 2020 4:15pm |
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BCI Minerals Ltd(ASX: BCI) share price has surged higher today. This came after the company announced the approval of a loan for its Mardie Salt & Potash Project. During morning trade, the BCI Minerals share price reached a multi-year high of 30.5 cents. By the market’s close, the company’s shares had slightly retraced back to 30 cents, up 7.1% for the day.
What’s driving the BCI Minerals share price higher?
The BCI Minerals share price was on the move today after investors digested the company’s positive announcement.