Tough quarter for Mount Gibson Iron

IT HAS been a rocky December quarter for Mount Gibson Iron with customers defaulting on binding offtake deals and the slump in demand for iron ore resulting in the company scaling back mining operations.

Tough quarter for Mount Gibson Iron Tough quarter for Mount Gibson Iron Tough quarter for Mount Gibson Iron Tough quarter for Mount Gibson Iron Tough quarter for Mount Gibson Iron

In its quarterly report, Perth-based Mount Gibson reported an unaudited net profit of $A13.3 million, down from the previous quarter's profit of around $60 million, while revenue came in at $232.

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