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FMG gets rest of Nullagine for $1

Deal frees BC Iron from rehabilitation liabilities.

Noel Dyson
BC Iron has sold its 75% stake in Nullagine to FMG for $1.

BC Iron has sold its 75% stake in Nullagine to FMG for $1.

The acquisition includes all assets and rehabilitation obligations of the NJV. FMG will also pay BC Iron a royalty of sales of iron ore mined in the future that will be partially withheld, up to $7.5...

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