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mount gibson iron ltd (MGX) Snapshot

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02/17/14 - A$1.22
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mount gibson iron ltd (MGX) Details

Mount Gibson Iron Limited, together with its subsidiaries, mines, explores, and develops hematite iron ore deposits in Australia. The company operates the Tallering Peak mine located in the midwest region of Western Australia, as well as Koolan Island mine situated in the Kimberley coast of Western Australia; and Extension Hill direct shipping ore located in the Mt Gibson Range. It also owns the Shine hematite iron project, which is located approximately 250 kilometres east of Geraldton in the Mid West region of Western Australia. The company was founded in 1996 and is based in West Perth, Australia.

Founded in 1996

mount gibson iron ltd (MGX) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: A$1.0M
Chief Financial Officer
Total Annual Compensation: A$461.8K
Chief Operating Officer
Total Annual Compensation: A$506.4K
General Counsel and Company Secretary
Total Annual Compensation: A$408.1K
Compensation as of Fiscal Year 2013.

mount gibson iron ltd (MGX) Key Developments

Mount Gibson Iron Limited Reports Sales Results for the Quarter and Year Ended June 2014

Mount Gibson Iron Limited reported sales results for the quarter and year ended June 2014. For the quarter, the company reported FOB ore sales revenue of $194 million. The company reported iron ore sales of 2.6 Mwmt. For the year, Free on Board (FOB) iron ore sales revenue was of $890 million. The company reported iron ore sales of 9.7 Mwmt.

Mount Gibson Iron Limited Presents at Australian Journal of Mining Global Iron Ore and Steel Forecast Conference, Mar-12-2014

Mount Gibson Iron Limited Presents at Australian Journal of Mining Global Iron Ore and Steel Forecast Conference, Mar-12-2014 . Venue: Perth, Western Australia, Australia.

Mount Gibson Iron Announces Board Changes

Mount Gibson Iron Limited announced changes to simplify its Board structure and reduce the number of Board representatives from the Company's major shareholders from three to two. The new structure follows a review initiated by the Chairman, Mr. Lee Seng Hui, to determine a more optimal Board composition for a company of Mount Gibson's size. The changes reduce the total number of directors and strengthen the independence of the Board. To effect these changes, Mr. Chen Zhouping, a representative of major shareholder Shougang Fushan Resources Group Limited (Shougang), has agreed to step down as a Non-Executive Director, while Independent Non-Executive Director Mr. Geoffrey Hill has brought forward his previously announced retirement.


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