BCI Minerals has received credit approvals for a further A$150-million of project finance for its Mardie salt project.
Project Owner/sAn optimisation study has delivered a bigger project and an improved layout, compared with the July 2020 definitive feasibility study .
Using an inexhaustible seawater resource and a production process driven mainly by natural solar and wind energy, there is potential to optimise and expand the project beyond the currently planned production levels.During construction, 490 jobs are expected to be created, while 2 200 jobs are expected to be created during operations.The results of BCI’s design and cost review, completed in June 2023, have resulted in an improved net present value of A$2.6-billion, compared with the A$1.
Commercial bank funding is proposed to include a A$180-million, seven-year construction facility, an A$81-million cost overrun facility, and a A$70-million bank guarantee facility for bonds required under construction or operating contracts.
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