Mount Gibson ends Iron Hill offtake agreement with Chinese buyer [CORRECTED]

Mount Gibson Iron has formally terminated an offtake agreement with China's Xinyu Iron & Steel Group for the output of its Iron Hill mine in Western Australia.

This follows the latter's "failure to comply with a fundamental term" under an agreement signed late last year, the Australian miner said on Monday June 19. Mount Gibson said it was now free to place all production originally committed to Xinyu with other customers,...

Published

July Zhang

June 19, 2017

10:36 GMT

Shanghai