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13 Oct
10:54

Mt Gibson ore sales rebound in September quarter

Australian iron ore miner Mount Gibson reported it reached 1.4 million tonnes of iron ore sales in the September quarter, up by 18.6% quarter-on-quarter and stable year-on-year. It plans to reach 2.8-3.3m wet metric tonnes of ore sales in fiscal year 2020-2021 at a group cash cost of AUD 60-65/wmt ($43.17-46.77) fob, Kallanish notes. The company says its sales of high-grade ore from Koolan Island totalled about 0.7m wmt in the September quarter. A total …
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