https://www.engineeringnews.co.za

Mount Gibson in trading halt over further pit slump

26th November 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Iron-ore miner Mount Gibson Iron on Wednesday went into a trading halt, after a further slump in the Main pit seawall, at its Koolan Island mine, in Western Australia, interrupted geotechnical repairs at the site.

Last month, operations in the Main pit were temporarily suspended as a precautionary measure to allow the company to monitor and repair an area of instability in the upper part of the southern pit wall.

An assessment of the instability identified that additional remedial actions would be required to complete repairs and enable production to resume safely.

Mount Gibson said on Wednesday that no personnel were at risk during the latest incident, with mining remaining suspended at the Main pit.

The miner has previously lowered its full-year sales guidance from between 6.6-million and 7-million tonnes to between 6-million and 6.4-million tonnes following the change in schedule at its Koolan Island operations.

Mount Gibson shares were expected to resume trading on Friday.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.051 1.084s - 140pq - 2rq
Subscribe Now