The crisis resulted in mount gibson slashing the majority of its koolan island workforce.
Mount gibson iron sea wall.
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.
Sea defense takes a beating from waves duration.
Only a small work force but a great team.
High tide koolan island sea wall.
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Logistics supervisor mount gibson koolan island current employee koolan island wa mount gibson iron 10 december 2015 great place but the sea wall has given way so the pit is flooded and it will be at least 12 18 months before its rebuilt if they rebuild it.
It s believed more than 300 jobs were lost in the closure.
Mount gibson iron limited asx code.
Mount gibson iron has invested 170 million rebuilding the seawall to restart its kimberley coast iron ore mine.
Address level 1 2 kings park rd west perth wa 6005.
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.
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.
Sea water flowed into the mine pit after the wall gave way causing flooding of the nearby iron ore mining operation.
Atlantic ocean threatens guyana s coast.
Mount gibson iron is suing the engineers responsible for building the koolan island mine seawall which collapsed last year flooding the mine.
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.
We produce and sell the highest grade direct ship iron ore products in australia.
The company was forced to shut down the mine site.