Mount Gibson Sea Wall Collapse

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.

Mount gibson sea wall collapse.

The junior miner and subsidiaries aztec resources and. 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. 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. Junior miner mt gibson iron has secured an insurance payout for the seawall collapse at its koolan island iron ore mine which led to the closure of the operation and the loss of 360 jobs.

Mount gibson iron is suing an engineering firm after a seawall collapse at koolan island mine in wa. Mount gibson iron has reduced its ore reserves estimate by more than 80 per cent after the seawall collapse at one of its mines. Mount gibson iron ore reserves slashed after seawall collapse. 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.

It s the third time in a month that the wall has been compromised with the latest slump bringing the wall down to below the tide mark allowing seawater to completely flood the 2km long pit. A section of the koolan island iron ore mine off the kimberley coast of wa is now flooded to sea level after it s sea wall collapsed on tuesday. Production and sales of high grade hematite recommenced in april 2019. Mount gibson iron limited asx code.

The junior miner and subsidiaries aztec resources and koolan iron ore have lodged a writ in the wa supreme court against engineering firm ghd for negligence. No one was injured by the breach and all non essential operations were immediately suspended. We produce and sell the highest grade direct ship iron ore products in australia. Mount gibson iron is suing the engineers responsible for building the koolan island mine seawall which collapsed last year flooding the mine.

Operations at the mine off the kimberley coast were suspended in november 2014 after the main pit was flooded. A company photograph of mount gibson iron ltd s operations on koolan island off the coast of wa.