Mount Gibson Iron has completed its upgrade of port and rail facilities at Geraldton.
The iron ore miner said commissioning for the upgrade, which will effectively double its capacity at the port to 6 million tonnes per annum, was now under way.
Chief executive Jim Beyer said the port upgrade would enable the company to consolidate its position as a leading iron ore exporter.
“The commissioning of our upgraded facilities at Geraldton will help transform the performance of our Mid West operations, as well as further strengthen Mount Gibson’s strategic position in the long-term development of the Mid West iron ore industry.
“These new facilities will enable us to rapidly ramp up shipments from our Extension Hill and Tallering Peak mines, and provide a platform for long term growth in the Mid West region.”
Mr Beyer said he expected commissioning and ramp-up to be completed by the end of the current quarter.
By close of trade today, Mount Gibson stocks had inched up 0.5 per cent, trading at 92.5 cents.
