Mining Weekly reported that BC Iron (ASX:BCI) chairman Anthony Kiernan told shareholders that the company is considering venturing outside the iron ore space.
As quoted in the market news:

Speaking at the annual general meeting, Kiernan said that among the assets that BC Iron acquired in the merger with Iron Ore Holdings at the end of last year, were a number of early-stage, non iron-ore exploration projects.
“As part of our longer term strategy, we are having a very close look at these from an exploration point of view with a real preparedness to step outside the iron-ore space,” Kiernan said. “The company has a good balance sheet and an extremely competent operating team, so why not be prepared to utilise these.”
Despite BC Iron’s possible new venture outside of the iron-ore space, Kiernan said the company’s focus would remain on its Nullagine joint venture (JV), with major Fortescue Metals, as well as the development of the Buckland and Iron Valley projects, which were also acquired with the Iron Ore Holdings acquisition.

Click here to read the full Mining Weekly report.