The company was forced to shut down the mine site.
Mount gibson 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.
Production and sales of high grade hematite recommenced in april 2019.
High tide koolan island sea wall.
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.
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.
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.
We produce and sell the highest grade direct ship iron ore products in australia.
Mt gibson iron had to rebuild the seawall at its koolan island project in the kimberley after the main pit was flooded.
The crisis resulted in mount gibson slashing the majority of its koolan island workforce.
Mount gibson iron has invested 170 million rebuilding the seawall to restart its kimberley coast iron ore mine.
Atlantic ocean threatens guyana s coast.
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.
Sea water is flowing into a mine pit in western australia after a wall gave way.
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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 water flowed into the mine pit after the wall gave way causing flooding of the nearby iron ore mining operation.
It s believed more than 300 jobs were lost in the closure.
Loved the place but the sea wall has given way 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.