The Development of a Niche Iron Ore Producer

Mount Gibson Iron Limited (æMount Gibson IronÆ) has made the difficult transition from a privately owned company with an iron resource to a publicly listed company owning and operating a profitable iron ore mine in the mid-west of Western Australia. The development of the company is described with particular emphasis on the Tallering Peak operations, resources, associated infrastructure and logistical arrangements; the Mt Gibson hematite and magnetite resources and the proposals to develop the magnetite resource as part of an integrated project through to iron pellet production. The concept of tailoring the relatively small ship capacity of the outturn port of Geraldton to appropriately sized inturn ports in China to allow direct delivery of product is discussed. The companyÆs philosophy of building shareholder value by progressive development of its relatively modest resources (compared with the Pilbara) is discussed. In pursuit of long-term business success Mount Gibson Iron has formed symbiotic relationships with strong business partners whose aims and objectives mirror or complement those of Mount Gibson Iron.