Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore miner Mount Gibson Iron on Wednesday warned of a noncash impairment of between A$850-million and A$950-million in its interim results for the period ended December. The impairment comes in light of the declining market conditions, as well as recent development at Mount Gibson’s Koolan Island project, which was idled in December last year.
Iron-ore miner Mount Gibson Iron on Wednesday warned of a noncash impairment of between A$850-million and A$950-million in its interim results for the period ended December. The impairment comes in light of the declining market conditions, as well as recent development at Mount Gibson’s Koolan Island project, which was idled in December last year.
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