Mount Gibson Iron Sea Wall

Mount gibson was established in perth in 1996 and listed on the australian stock exchange asx in 2002.

Mount gibson iron sea wall. Rss facebook twitter google follow become a member login. 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. We produce and sell the highest grade direct ship iron ore products in australia. 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.

Last week the mine s pit wall collapsed and filled with seawater. He served as the chief financial officer of mount gibson ir. A company photograph of mount gibson iron ltd s operations on koolan island off the coast of wa. Mount gibson iron limited asx code.

Mount gibson iron is suing the engineers responsible for building the koolan island mine seawall which collapsed last year flooding the mine. 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. 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. The junior miner and subsidiaries aztec resources and.

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. 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.