Mount Gibson signs sales contract

IRON ore producer Mount Gibson Iron has inked a deal for the sale of the remaining annual iron ore production from its Koolan Island and Tallering Peak operations with Chinese steel producer, Rizhao Steel Holding Group.

Mount Gibson signs sales contract Mount Gibson signs sales contract Mount Gibson signs sales contract Mount Gibson signs sales contract Mount Gibson signs sales contract

Mount Gibson said under the terms of the agreement, Rizhao will purchase up to 1.5 million tonnes per annum of iron ore, equivalent to 37.5% of Koolan Island’s annual iron ore production of 4Mtpa.

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