News Articles for Mount Gibson Iron

The owners of one of Western Australia's oldest iron ore projects have decided to shut the mine down early, one week after a rockfall halted operations.

Mount Gibson Iron entered a trading halt on Friday, following news of a rockfall overnight at its Koolan Island mine site in the Kimberley.

Mount Gibson Iron wants to make the jump to gold as its flagship Kimberley iron ore asset approaches the end of its life.

Our weekly appointments wrap includes Lanie Chopping, Rebecca Brown, Peter Woronzow, Richard Sellers, Prudence Griffin, Jessie Liu-Ernsting, Shannon Robinson, Rhys Waldon, Mark Pivac, Brett Smith, Michael Skead, Jackson Allen and Jackie Donald.

Mount Gibson announced on Thursday that its non-executive chair Lee Seng Hui will step down from the role.

Traditional owners have put forward their plan to turn Koolan Island in the Kimberley into a cultural tourism hub once iron ore mining ceases.

Higher costs have put a dampener on strong exports from Fortescue's Pilbara iron ore mines over the past quarter.

A Chinese stimulus package announced yesterday afternoon designed to spark property investment has resulted in a $21.4-billion boost to WA's iron ore players on the stock exchange.

The Royal Australian Air Force is assessing areas across the north-west for additional sites to store fuel as part of plans to expand military presence in the region

Koolan Island's high-grade ores have tripled Mount Gibson Iron's cash reserves to $442 million in the past year amid a volatile price climate.

Mount Gibson Iron has finalised a $27 million business interruption insurance payout arising from a 2022 fire at its Koolan Island processing plan.

Koolan Island iron ore mine is a celebrated part of WA's mining history but plans for its rehabilitation and the island's future are well under way.

Doubts over the direction of the iron ore price have fostered talk of lean times ahead for the industry.

Our board moves wrap includes Andre Douchane, Russell Barwick, Evian Delfabbro, Jack Rosagro, and Deborah Ho.

Iron ore producer Fenix Resources has finalised its acquisition of Mount Gibson Iron's Mid West iron ore, port and rail assets.

Fenix Resources is set to buy Mount Gibson Iron's Shine iron ore mine on care and maintenance and its rail and port assets in the Mid West under a $25 million deal.

Managing editor Sean Cowan talks about the AFL's latest TV rights deal and what it means for the competition's growth.

Mount Gibson Iron is upping its damages claim against engineering firm GHD to almost half-a-billion dollars, eight years after a seawall collapse forced the closure of its Koolan iron ore mine.

Mount Gibson Iron has disclosed that repairs to its Koolan Island processing plant will take at least four months, affecting its planned increase in iron ore sales.

Mount Gibson Iron is assessing the damage caused by a fire at its Koolan Island operation last week and forewarned investors of a $150 million write-down on the asset due to waning commodity prices.

Analysts argue iron ore prices won't have to fall far to inflict pain.

Mount Gibson Iron is suspending operations at its Shine site due to falling iron ore prices and high shipping costs, making it the fourth miner to close in recent weeks.

Mount Gibson Iron's Shine project in the Mid West could become the fourth iron ore mine to halt operations this month after the company called a trading halt.

Three Perth dealmakers are behind an early-stage iron ore explorer that is seeking to list on the ASX despite ongoing disputes with its neighbour on Cockatoo Island.

The mining industry is turning green, but ‘old' sectors like gold and iron ore are still attracting keen support.

Listed contractor NRW Holdings has secured new work through its Primero business, including on two iron ore projects in Western Australia.

Another iron ore boom has produced a long list of aspiring miners. We dig deep to assess who is likely to make it.

Some of Australia's largest corporations are digging deep to raise funds for those affected by the devastating fire in Perth's north-east.

As firefighters attempt to contain an out-of-control blaze in Perth's east, the state's peak resources body has established an initiative to raise much-needed funds.

Shares in WA's gold and iron ore miners have shot up as the value of both commodities rose to impressive highs overnight.

Andrew Forrest is $2.7 billion richer after the iron ore price rose to a seven-year high, while Chris Ellison's stake in Mineral Resources has grown by $53.4 million.

Mount Gibson Mining is investigating options to extend the life of WA's oldest iron ore mine.

Mount Gibson Iron is targeting first ore sales from its previously deferred Shine operations in Western Australia by mid-next year.

Almost half of revenue reported by WA's top 20 public resources companies can be attributed to iron ore miners amid an industry boom.

In an initiative led by the Chamber of Minerals and Energy of WA, the Western Australian resources sector has pledged $6.6 million to Royal Flying Doctor Service Western Operations, Foodbank WA and Lifeline WA.

Our board moves wrap includes Andrew Barclay, Matt Hardisty, Melissa Chapman, Matthew Foy, Tim Markwell, Michael Atkins, Debra Bakker, James Wallbank, Simone Suen, Greg Miles, Janet Wicks, RuCai Ding, ShaoFeng Li, Peter Watson, Peter Main, Daniel Harris, David Riekie, and John Hodder.

Our weekly appointments wrap includes Lydia Litton, William Bradford, Nicholas van Hattem, Chris Torrey, Gail Beck, Daniel Brown, Merle Carter, Linda Dridi, Jonathan Ford, Corina Martin, Vicki O'Donnell...

Directors of several Perth-based ASX-listed companies have undertaken substantial share transactions in the past fortnight, with Peter Bradford, Peter Cook and John Welborn among those taking advantage of the trading window after the release of their annual results.

The price rebound this year has sparked renewed mining interest in at least eight previously mothballed projects.

Mount Gibson Iron is set to become Australia's highest-grade exporter of direct-shipping hematite iron ore when its first shipment leaves from Koolan Island later today.