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23 Jul
10:49

Koolan Island to return

Australian junior miner Mt Gibson reported steady shipments and a minimal deterioration of its cash position in the June quarter. That puts it on track to recommission the Koolan Island mine, as it prepares to close down its Iron Hill operation, Kallanish notes. Gibson sold 963,000 wet metric tonnes of iron ore during the quarter, down slightly from the March quarter but up sharply from 603,000wmt a year earlier. It estimates a realised prices during t…
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