Email Registration

To receive email updates from Mount Gibson register here!

07/05/08 Takeovers Panels - Reasons for Decision ...more

07/05/08 MGI Investor Presentation - May 2008 ...more

01/05/08 Resignation of Director ...more

Australian Stock Exchange
Code: MGX

Price Image
Data Delayed 20 minutes

Share Price Page

As Australia's leading independent "pure-play" hematite iron ore producer, Mount Gibson Iron Limited (ASX Code: MGX) is leading the consolidation of the junior iron ore industry, with the successful takeover of Aztec Resources which has built a sustainable platform for future shareholder growth.

With Tallering Peak already operating at its targeted hematite production rate of 3 million tonnes per annum (Mtpa), the Koolan Island hematite mining operation ramping up from 3Mtpa towards its targeted production rate or 4Mtpa, and development and construction of the Extension Hill hematite project about to commence, Mount Gibson is well positioned to take advantage of strong Iron Ore prices.

Mount Gibson has firm commercial relationships with major Chinese steel industry customers, and with continued strong demand and prices the Company and its shareholders are ideally leveraged to benefit from further commodity price rises.

The Company is generating strong cashflow and has a stable and experienced management team focused on delivering returns to shareholders.