The West

ConsMin again lifts stake in BC Iron
ConsMin again lifts stake in BC Iron

Ukrainian billionaire Gennadiy Bogolyubov has again lifted his stake in Pilbara iron ore producer BC Iron.

A substantial shareholder notice today showed Mr Bogolyubov's Consolidated Minerals had spent $3 million lifting its stake in the miner from 22.12 per cent to 23.21 per cent.

The moves follows a substantial shareholder notice lodged with the ASX on May 10 revealing ConsMin had spent $3.8 million increasing its stake in BC from 21.11 per cent to 22.12 per cent.

Last week, BC Iron terminated a friendly takeover deal with Hong Kong's Regent Pacific after an independent expert's report valued the company at between $3.80 and $4.13, well above the $3.30 offered by the suitor.

BC shares were flat at $2.90 at 10.55am.

The West Australian

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