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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 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.
Record prices make up for lower production as overburden removal continues and stockpiles depleted
Mount Gibson says it's time for Shine to shine
Mount Gibson looking for improvement
