PROJECT FINANCE

Stokes backs BCI raising as Mardie cost pressures mount

KERRY Stokes and AustralianSuper have thrown an additional A$60 million at BCI Minerals’ Mardie salt and potash development in Western Australia before a major review is finalised into a cost blow-out for the $1 billion project.

The seatwater intake facility at Mardie is not operating

The seatwater intake facility at Mardie is not operating

Stokes' Wroxby, which owns 39.5%, and AustralianSuper (14.8%), have each agreed to subscribe for $30 million of convertible notes as the company finalises a review of the complex development near Onslow...

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