Here’s why the BCI Minerals (ASX:BCI) share price just jumped 5%

The BCI Minerals Ltd (ASX: BCI) share price is up by 5% today after the company announced it has awarded up to $90 million in contracts to construction companies and support infrastructure arrangements for its Mardie Salt and Potash Project.

Despite securing a large loan, the contracts are currently funded from BCI’s existing strong cash reserves and continuing royalty income from its Iron Valley holdings.

The contract for initial ponds is awarded to WBHO Infrastructure, the Australian subsidiary of international civil construction expert, WBHO Construction. The contract for the Project Management Contractor (PMC) role awarded to reputable WA-based
project and construction management company, Engenium.

Engenium brings local…