News Articles for BCI Minerals

Kerry Stokes' private company Australian Capital Equity reported a 70 per cent year-on-year drop in annual profit last year, as the value of its asset book closes in on $3 billion.

The fast-growing sector expanded by 27 per cent last year, underpinned by contracts with big mining companies, research by Business News has found.

Private company SO4 has made its first international commercial shipments, marking a milestone for what is the last standing pure-play potash producer in Western Australia.

Kerry Stokes-backed BCI Minerals will advance to full-scale operations at its Mardie salt and potash project, after receiving a key federal approval.

State and federal ministers have praised Kerry Stokes-backed BCI Minerals, after the Mardie salt project developer drew down the first tranche of a $981 million debt facility.

BCI Minerals' cumulative expenditure rose from $788 million to $898 million during the December 2024 quarter, as construction of its Mardie salt and potash project continues.

It has been a long time since big investors started spruiking plans for new salt projects in the north-west.

Kerry Stokes-backed BCI Minerals has secured backing for a $981 million financing and signed with Chinese chemical company Befar to supply salt from its $1.4 billion Mardie project.

Kerry Stokes-backed BCI Minerals has started the next stage of its $1.4 billion Mardie salt and potash project in the state's Pilbara region.

Kerry Stokes-backed BCI Minerals has received environmental approval from the federal government at its Mardie salt and potash project, located 80km south of Karratha.

Engineering and construction contractor McConnell Dowell, including its subsidiary Built Environs, is aiming to list on the ASX as part of a restructuring by its South African parent.

Private company SO4 has delivered rare good news for the potash sector by announcing successful production at its Lake Way project, which it bought out of receivership two years ago.

BCI Minerals has entered into a 21-year agreement with CSL Australia, worth $598 million.

Kerry Stokes-backed BCI Minerals has announced it will divest its Iron Valley assets to Mineral Resources for up to $72.6 million.

Incoming Lindian Resources chief executive officer Alwyn Vorster has vowed to bring the company's massive flagship Kangankunde rare earths project in Malawi into construction and operation “as soon as possible”. The experienced rare earths executive, who has a track-record of managing projects through all stages of development, is expected to take up his new post as of this Saturday.

The Northern Australia Infrastructure Facility is one of several government agencies approving big loans for resources projects.

A NSW contractor has sued Kerry Stokes-backed BCI Minerals for $7 million, alleging a breakdown of an agreement over the $1.6 billion Mardie salt project.

BCI Minerals says it has received a series of mining lease approvals necessary to finalising its Mardie salt project, as it works to get the $1.6 billion dollar project off the ground this year.

A junior Pilbara iron ore company is casting its net wide - including to prospective salt miners – in the search for port space to boost its exports.

BCI Minerals has notched an offtake agreement with an Indonesia chemical and infrastructure company for salt to be produced from its Mardie project.

Shares in BCI Minerals drifted to 23.5 cents per share after the company exited a trading halt.

Kerry Stokes-backed BCI Minerals is asking investors for $315 million to help fund the final component of its Mardie project near Karratha.

BCI Minerals has secured a syndicated facility agreement for its Mardie salt project near Karratha, with nearly $1 billion locked in for the under-construction asset.

Our weekly appointments wrap includes Steve Fewster, Kerryl Bradshaw, Wendy Attenborough, Trevor Hunt, Marcus Stafford, Kellie Benda, Adel van der Walt, Aaron Harding, Emmanuel Ranga and Helen Hristofski.

In this podcast, Mark Pownall and Jack McGinn discuss the latest on Chevron's IR deal, WA's top builders, potash deal, road funding, battery contacts, Synergy, Water Corp, tower plans, barramundi and Twiggy's mansion.

BCI Minerals has secured a $150 million loan from two commercial banks to fund its Mardie salt project after notching the bulk of the funding support from the federal government last month.

Kerry Stokes-backed BCI Minerals has secured an increased loan from a federal government agency for its $1.6 billion Mardie salt project as it continues negotiations with commercial lenders.

The amount of assistance provided by taxpayers to Australian industry increased last year to $13.8 billion and it is increasingly difficult to assess its value, a report has found.

A company owned by the Indonesian government is evaluating a $100 million equity investment in BCI Minerals after signing a non-binding offtake agreement.

Our board moves wrap includes Steve Bodon, Andrea Betti, Peter Schwann, Paul Weston, Jeff Swingler, Vincent Algar, Susan Park, Stephanie Majteles, Lip Sin Tee, Lip Jen Tee, Charles Pettit, Krista Bates, Nik Senapati, Jacqueline Murray, Nitin Tyagi, Trevor Benson, Jennifer Neild, Matthew Nixon, Mel Ashton, Robert Mosig, Stuart McKenzie, Joanna Kiernan, Peter Ruttledge, Peter Torre, Andrew Strelein, Dan Lougher, Sara Prendergast, Lucas Welsh, Shannon Coates, Joan Dabon, Jo-Ann Long, Cris Moreno, Francis Wedin, Gavin Rezos, and John Kenny.

BCI Minerals has signed an offtake deal with Japanese investment firm Itochu Corporation to supply salt from its flagship Mardie project, which is facing a $700 million cost creep.

Salt and potash developer BCI Minerals has budgeted up to $1.6 billion for the Mardie development following a sweeping review of the flagship's costs, which are in all about $700 million more than planned.

Costs at global salt producer K+S Group's Ashburton project near Onslow have blown out by more than $400 million following revised costs and inflationary pressures.

WA's north-west generates enormous wealth for the country but not so much for local communities.

WA produces a diverse array of minerals, yet one commodity dominates the sector.

The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.

Our board moves wrap includes Gabrielle Bell, Michael Blakiston, Russell Baskerville, and Julian Tambyrajah.

Mark Beyer and Jordan Murray discuss FIRM Construction, Perth Airport, BCI, Qantas, Mark McGowan, CCC, John Holland and a preview of the next edition of Business News.

BCI Minerals has confirmed it will need additional money to complete its $1 billion-plus Mardie project after revealing key contracts had blown out by 45 per cent.

WA lithium miner Pilbara Minerals has become the latest beneficiary of the federal government's $3.9 billion NAIF funding shower, scoring $250 million across two loans to grow its operations.