Iron ore mine at Koolan Island to reopen after $100 million seawall rebuild

Written on the 28 April 2017

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.

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.

Mount Gibson chief executive Jim Beyer said the company had decided the cost of rebuilding the wall was worthwhile.

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Market Report with Paul Wareing - Feb 21, 2017

We had a pretty good week all in all on the local market last week. This came on the back of a a good NAB Business Survey that saw confidence nudging feel good levels akin to pre-GFC numbers. The service industries were a stand out and high commodity prices gave a boost to the mining sector. In fact , iron ore prices were up a further 7% last we...

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