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Mount Gibson quarter funds Koolan Island restart

MOUNT Gibson Iron has made a strong start to the year with higher margins as a result of lower costs and increased iron ore prices.

Staff reporter
 Koolan Island as of this month

Koolan Island as of this month

The company shipped 1.1 million wet metric tonnes of ore from Iron Hill, up from 1Mt the previous quarter, and in line with guidance. Operating cash costs dropped to A$37 per wet metric tonne from $44/t...

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