Ore production and shipping volumes at Koolan Island have increased significantly as mining access to the high grade Main Pit orebody steadily expanded over the June 2022 quarter, in line with the mine plan.
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Fluctuating iron ore prices claim another two mines
Iron ore prices have risen slightly after last month dropping below US$100 per tonne for the first time since early November 2020.
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Mount Gibson benefits from strong iron ore prices
Mount Gibson has sold 2.3 metric tonnes of iron ore in the first half of the 2021 financial year ahead of entering a new phase of operations at the Koolan Island mine in Western Australia.
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Mount Gibson to enjoy jacked up sales from Koolan Island development
Mount Gibson Iron has set its ore sales target for the 2021 financial year on the back of improving sales expected from the Koolan Island operation in Western Australia.
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Mount Gibson to deliver first iron ore at Shine next year
Mount Gibson Iron is targeting the delivery of first ore sales from the Shine iron ore project in Western Australia for mid-2021.
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Mount Gibson cautiously withdraws sales guidance
Mount Gibson Iron has withdrawn its sales and cost guidance for the 2020 financial year amid uncertainties surrounding the global COVID-19 situation.
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Mount Gibson overcomes Cyclone Blake at Koolan Island
Mount Gibson Iron is looking on track to meet its production targets despite Tropical Cyclone Blake interrupting January operations.
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Mount Gibson confident in ore quality amid reserve reduction
Mount Gibson’s reduction in iron ore mineral resources and ore reserve estimates in the 2019 financial year has been attributed to mining depletion at a number of its operations.
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Mount Gibson reaps the benefits of iron ore price surge
Mount Gibson Iron has capitalised on a surging iron ore price and high-grade ore from its flagship Koolan Island mine in the Kimberley throughout the 2019 financial year.
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Mount Gibson restart at Koolan Island makes the grade
Mount Gibson Iron has reported a positive restart to production at the Koolan Island operation in Western Australia, marking a “key transition period” for the company.
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Mount Gibson approves updated Koolan Island offtake agreement
Mount Gibson has approved Shougang Concord and SCIT Trading’s novating interest as guarantor and buyer under the existing Koolan Island offtake agreement to Newton Resources and its subsidiary Ace Profit Investment.
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Mount Gibson restarts Koolan Island shipments to China
Mount Gibson Iron has restarted sales of high grade iron ore from its Koolan Island operation in the Kimberley region of Western Australia following an extensive flood damage in 2014.
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Mount Gibson positive ahead of Koolan Island restart
Mount Gibson Iron has geared up for the restart of the Koolan Island operation with a robust performance in the 2018 financial year.
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Mount Gibson on track to benefit from premium iron ore demand
Mount Gibson Iron has bolstered its high-grade iron ore reserves at the Koolan Island restart project in Western Australia as demand for premium product strengthens.
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Mount Gibson keeps Koolan Island restart on target
Mount Gibson Iron’s Koolan Island restart project in Western Australia’s Kimberley region remains on track to achieve first sales in the March quarter of 2019.
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Mount Gibson fined for safety breaches
Mount Gibson mine has been fined $30,000 for safety breaches relating to work at heights.
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Mount Gibson faces $950 million writedown
Iron ore miner Mount Gibson has announced a $950 million writedown due to the low price of iron ore and the closure of its Koolan Island mine.
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