As a leading independent Australian "pure-play" hematite iron ore producer, Mount Gibson Iron Limited (ASX Code: MGX) is well-established in the bulk commodities sector. With the successful takeover of Aztec Resources in late 2006, Mount Gibson 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 of 4Mtpa by December 2011 and development and construction of the Extension Hill hematite project scheduled for completion in the June 2011 quarter, Mount Gibson is well positioned to take advantage of strong Iron Ore prices. Annual production of 3Mtpa at Extension Hill will lift total Mount Gibson production to 9Mtpa in 2012.
Mining CompanyHematite iron ore
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