The crisis resulted in mount gibson slashing the majority of its koolan island workforce.
Mount gibson sea wall.
Atlantic ocean threatens guyana s coast.
Production and sales of high grade hematite recommenced in april 2019.
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.
Mining was interrupted in late 2014 by a seawall failure which flooded the main pit by which time koolan island had exported in excess of 22mt of ore for mount gibson.
The company was forced to shut down the mine site.
Mt gibson iron s decision to spend 100 million rebuilding its koolan island project in the kimberley looks set to pay off in spades when the mine re opens early next year.
We produce and sell the highest grade direct ship iron ore products in australia.
Sea water flowed into the mine pit after the wall gave way causing flooding of the nearby iron ore mining operation.
Www asxonline com asx announcement asx code.
Mount gibson iron has invested 170 million rebuilding the seawall to restart its kimberley coast iron ore mine.
Mt gibson iron had to rebuild the seawall at its koolan island project in the kimberley after the main pit was flooded.
The news has been welcomed in the west kimberley where hundreds of jobs have been lost in recent years due to a string of mine closures.
Miner mount gibson iron has announced it will spend nearly 100 million rebuilding a collapsed seawall in order to restart production at the remote koolan island mine.
The bruce family recommended for you.
Mount gibson iron limited abn 87 008 670 817 level 1 2 kings park road west perth 6005 western australia po box 55 west perth wa 6872 telephone.
Mgx 27 april 2017.
It s believed more than 300 jobs were lost in the closure.
Mount gibson iron is suing the engineers responsible for building the koolan island mine seawall which collapsed last year flooding the mine.
The main pit of the koolan island hematite operation flooded late last year after pit wall instability combined with high tide night caused a section of the wall to collapse.
Sea defense takes a beating from waves duration.
