Original article by Peter Ker
The Australian Financial Review – Page: 15 : 6-Jan-17

At $US77 per tonne in early January 2017, the price of iron ore is high enough to ensure profitability of mining projects that would otherwise be economically unfeasible. Several small Australian mining companies are reviewing their plans with the view of restarting or expanding their mines. Mount Gibson Iron intends to recommence production at Koolan Island’s main pit which ceased in November 2014.

CORPORATES
MOUNT GIBSON IRON LIMITED – ASX MGX, MINERAL RESOURCES LIMITED – ASX MIN, BC IRON LIMITED – ASX BCI, WESTERN AUSTRALIA. ENVIRONMENTAL PROTECTION AUTHORITY, CLIFFS NATURAL RESOURCES INCORPORATED, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP