Mount Gibson Iron (MGX)

Shares / Stock Code


Stock Exchange / Sharemarket


Mount Gibson Iron (MGX) is an iron ore exploration and production company. The key projects of the company are the Tallering Peak, My Gibson and the Koolanooka hematite deposits, situated in the Midwest region of Western Australia. Mount Gibson listed on the Australian Stock Exchange on 12 February, 1976. MGX is principally focused on the mining of hematite deposits at Tallering Peak and Koolan Island. It is also involved in the construction and development of hematite mining operations at Extension Hill, in addition to the exploration and development of hematite deposits at Koolan Island and in the Mid-West region of Western Australia. The production from Tallering Peak is 3 million tonnes per annum (Mtpa). The production from the Koolan Island hematite mining operation is expected to rise from 3Mtpa towards its targeted production rate of 4Mtpa by June 2010. The development and construction of the Extension Hill hematite project is expected to be completed by the quarter of June 2009. The Company has a strong presence in iron ore industry. MGX successfully completed the acquisition of Aztec Resources in February 2007.

The sound commercial relationships with leading Chinese steel industry customers, and the increasing high demand and prices provide the Company and its shareholders with an opportunity to take advantage from further commodity price rises. The Company is producing strong cash flow and it is committed to create value for its shareholders through its highly skilled and experienced management team.

Mount Gibson Iron History

The Company was formed in 1996, with a focus on iron ore exploration. It floated on Australian Stock Exchange in January 2002.

Mount Gibson Iron (MGX) Products and Services

  • Iron ore
  • Hematite deposits & magnetite deposits

Mount Gibson Iron Competitors

  • BHP Billiton
  • Rio Tinto

Mount Gibson Iron (MGX) Locations and Subsidiaries

Mount Gibson Iron Head Office
1st Floor, 7 Havelock Street
West Perth, WA, Australia, 6005
Phone: 08 9426 7500
Fax: 08 9485 2305

Mount Gibson Iron Limited
Ground Floor 88 Colin St West Perth 6005
Ph: (08) 9423 0111 Fax: (08) 9321 2999

Mount Gibson Iron Limited (Timber Mill)
Lot 63 Greenbushes-Grimwade Rd Greenbushes 6254
Ph: (08) 9764 3700 Fax: (08) 9762 2311

Mount Gibson Iron Subsidiaries

Australasian Plantations Limited
Wilson's Timber & Hardware Pty Ltd
A Carb Marketing Pty Ltd
Southern Planatations Chip Co Pty Ltd
Whittakers Agencies Pty Ltd
Wilsons Timber & Hardware Pty Ltd
Western Pine Associates Pty Ltd
Mount Gibson Mining Limited
WHTK Pty Ltd
Geraldton Bulk Handling Pty Ltd
Aztec Resources Limited

Trading Names

Mount Gibson Iron

Other Mount Gibson Iron Details

Mount Gibson Iron Year Established: 1984
ACN: 008 670 817
D-U-N-S: 757719646
ABN: 87008670817
Previous Company Names: Whittakers Limited

Mount Gibson Iron (MGX) Share Price

Submitted by ASX Listed Company on 13 December, 2008 - 23:49

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