05
Dec
00:00
Jobs go at Mount Gibson as pressure on iron ore increases
The bad news for iron ore continues and doesn’t appear to be influenced by geography. Australia’s Mount Gibson is the latest mining company to feel the global pinch, following a week of gloomy reports from the ferrous minerals sector.
Mount Gibson has announced that it is to suspend operations at its Koolan Island mine in the Kimberley. This follows the collapse of a sea wall at its Main Pit facility. After initial damage was done in October, the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous