06
Jul
16:09
Mount Gibson cancels second iron ore offtake deal
Australia’s Mount Gibson has cancelled a second offtake agreement, leaving yet more of its ore on the spot market without a long-term buyer. The cancellation means the company will likely have to sell more than half of the iron ore from its Iron Hill expansion on the spot market, Kallanish notes.
Mt Gibson is planning to sell up to 5.6 million tonnes of iron ore from its Iron Hill extension mine over May 2017 to the end of 2018. It will now have …
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