Mount Gibson is a leading independent player in the Australian iron ore industry.
Established in Perth in 1996 and listed on the Australian Stock Exchange (ASX) in 2002, the Company owns and operates:
- Tallering Peak – a 3-million tonnes per annum iron ore mine in the Midwest region of Western Australia, approximately 175 kilometres east of the port city of Geraldton, which commenced production in late 2003.
- Koolan Island – a 3-million tonnes-plus per annum iron ore mine off the Kimberley coast of Western Australia, acquired through Mount Gibson’s successful takeover of Aztec Resources in 2007 and commissioned the same year.
- Extension Hill DSO (Direct Shipping Ore) – a 3-million tonnes per annum iron ore mine in the Mt Gibson Range, 260km southeast of Geraldton, where production commenced in late 2011.
- Geraldton Port – Mount Gibson’s established export base at Geraldton Port in Western Australia is a key asset, which gives the Company a significant competitive advantage, and a highly strategic role in the long-term development of the Mid West iron ore industry. Mount Gibson has long-term user and access agreements in place with the Geraldton Port Authority, including 50-year leases, and owns two storage facilities with a combined ore storage capacity of 360,000-tonnes. Mount Gibson also has long standing rail access agreements in place under which it transports ore from its Mid West mines to Geraldton for export. In May 2012, a major upgrade of the rail unloading facilities was completed at the port, which effectively doubled the Company’s export capacity from Geraldton Port to approximately 6-million tonnes per annum.