Mount gibson iron is suing an engineering firm for negligence over the catastrophic collapse of a seawall at a wa mine site last year.
Mount gibson wall collapse.
Last week the mine s pit wall collapsed and filled with seawater.
The wall later collapsed in november after flooding caused by high tides.
The junior miner and subsidiaries aztec resources and.
Junior miner mt gibson iron has secured an insurance payout for the seawall collapse at its koolan island iron ore mine which led to the closure of the operation and the loss of 360 jobs.
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High tide koolan island sea wall.
We produce and sell the highest grade direct ship iron ore products in australia.
A company photograph of mount gibson iron ltd s operations on koolan island off the coast of wa.
Sea defense takes a beating from waves duration.
The main pit of the koolan island hematite operation flooded late last year after pit wall instability combined with high tide night caused a section of the wall to collapse.
Share miner mount gibson iron has announced it will spend nearly 100 million rebuilding a collapsed seawall in order to restart production at the remote koolan island mine.
Mount gibson iron limited asx code.
Around 200 workers were made redundant following the failure with operation later placed in care and maintenance.
Mount gibson iron is suing the engineers responsible for building the koolan island mine seawall which collapsed last year flooding the mine.
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Mgx is an independent australian producer of high quality direct shipping grade iron ore products with assets in the kimberley and mid west regions of western australia.
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Mount gibson also decided to sue the engineers responsible for building the koolan island mine seawall.