24
Feb
02:35
Mount Gibson returns to profitability in first half
Australian iron ore miner Mount Gibson Iron has returned to profitability by achieving a net profit of AUD 7.4 million ($5.05m) in the first half of its financial year, ended 31 December, 2022, Kallanish notes.
The profit reflected its effective completion during the period of the major waste-stripping and upper footwall ground support programs at Koolan Island to enable increased production and high grade ore sales.
The group incurred a net loss of AUD 65.6 mil…
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Anonymous
Very good overview of the weekly steel market.
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