Based on estimates of Mount Gibson Iron in 2023, the bulk of expenditure on decommissioning rehabilitation is expected to be incurred at Extension Hill within the next 1-2 years.
In late June 2023, Mount Gibson reached agreement to divest its Mid-West iron ore mining and infrastructure assets to fellow Mid-West producer Fenix Resources Limited.
On 24 July 2023, Fenix completed the acquisition with Mount Gibson to acquire its Mid-West iron ore rail and port assets. The assets that Fenix has acquired also includes: Assets at the Extension Hill Iron Ore Mine – Large scale operational crushing and screening plant, associated equipment, and interests in an operational 138 bed mining camp, all currently on care and maintenance. |