Mount Gibson Sea Wall Collapse

Mgx is an independent australian producer of high quality direct shipping grade iron ore products with assets in the kimberley and mid west regions of western australia.

Mount gibson sea wall collapse.

A section of the koolan island iron ore mine off the kimberley coast of wa is now flooded to sea level after it s sea wall collapsed on tuesday. Miner mount gibson iron has announced it will spend nearly 100 million rebuilding a collapsed seawall in order to restart production at the remote koolan island mine. Mount gibson iron limited asx code. The news has been welcomed in the west kimberley where hundreds of jobs have been lost in recent years due to a string of mine closures.

The junior miner and subsidiaries aztec resources and koolan iron ore have lodged a writ in the wa supreme court against engineering firm ghd for negligence. Mount gibson iron is suing an engineering firm after a seawall collapse at koolan island mine in wa. The junior miner and subsidiaries aztec resources and. The main pit of the koolan island hematite operation flooded late last year after pit wall instability combined with high tide night caused a section of the wall to collapse.

Last week the mine s pit wall collapsed and filled with seawater. No one was injured by the breach and all non essential operations were immediately suspended. Production and sales of high grade hematite recommenced in april 2019. A company photograph of mount gibson iron ltd s operations on koolan island off the coast of wa.

It s the third time in a month that the wall has been compromised with the latest slump bringing the wall down to below the tide mark allowing seawater to completely flood the 2km long pit. Operations at the mine off the kimberley coast were suspended in november 2014 after the main pit was flooded. Mining was interrupted in late 2014 by a seawall failure which flooded the main pit by which time koolan island had exported in excess of 22mt of ore for mount gibson. Mount gibson iron has reduced its ore reserves estimate by more than 80 per cent after the seawall collapse at one of its mines.

Mount gibson iron ore reserves slashed after seawall collapse. We produce and sell the highest grade direct ship iron ore products in australia.