Mount Gibson Iron Sea Wall

Mt gibson decided to rebuild the project last year after the seawall separating the mine from the ocean collapsed in 2014 flooding its main pit.

Mount gibson iron sea wall.

Mgx is an independent australian producer of high quality direct shipping grade iron ore products with assets in the kimberley and mid west regions of western australia. Last week the mine s pit wall collapsed and filled with seawater. We produce and sell the highest grade direct ship iron ore products in australia. Based on the prevailing exchange rate and premiums for ore with a 65 per cent iron content the mine could be operating at margins of more than 50 t.

Rss facebook twitter google follow become a member login. A company photograph of mount gibson iron ltd s operations on koolan island off the coast of wa. The company commenced production at its first mine tallering peak in the mid west region of wa in late 2003 and shipped its first cargo in early 2004 becoming wa s first independent iron ore exporter in almost a decade. The junior miner and subsidiaries aztec resources and.

Miner mount gibson iron announces it will spend nearly 100 million rebuilding a collapsed seawall in order to restart production at the remote koolan island mine. Mount gibson iron acquired the project through its successful takeover of aztec resources in early 2007 and had successfully passed the 20 million tonne milestone before the seawall collapsed in. Kerr b comm ca f fin m ausimm m aicd has been the chief executive officer at mount gibson iron limited since october 1 2018. Mount gibson was established in perth in 1996 and listed on the australian stock exchange asx in 2002.

Mount gibson iron is suing the engineers responsible for building the koolan island mine seawall which collapsed last year flooding the mine. Mount gibson iron limited asx code.