High tides around the pit at the mount gibson iron koolan island mine have caused sea water to spill over a damaged.
Mount gibson sea wall.
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.
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Mount gibson iron has invested 170 million rebuilding the seawall to restart its kimberley coast iron ore mine.
The company was forced to shut down the mine site.
Production and sales of high grade hematite recommenced in april 2019.
Mount gibson iron limited asx code.
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.
Mt gibson iron s decision to spend 100 million rebuilding its koolan island project in the kimberley looks set to pay off in spades when the mine re opens early next year.
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.
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Sea water flowed into the mine pit after the wall gave way causing flooding of the nearby iron ore mining operation.
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.
We produce and sell the highest grade direct ship iron ore products in australia.
The crisis resulted in mount gibson slashing the majority of its koolan island workforce.
Mt gibson iron had to rebuild the seawall at its koolan island project in the kimberley after the main pit was flooded.
It s believed more than 300 jobs were lost in the closure.
Loved the place but the sea wall has given way logistics supervisor mount gibson koolan island current employee koolan island wa mount gibson iron 10 december 2015 great place but the sea wall has given way so the pit is flooded and it will be at least 12 18 months before its rebuilt if they rebuild it.
High tide koolan island sea wall.