MGX 2.56% 38.0¢ mount gibson iron limited

holders may like to read this., page-15

  1. 47,341 Posts.
    re: holders may like to read this..plough 29 March 2006 Pages = 1
    The Manager
    Company Announcements
    Australian Stock Exchange Limited
    Level 10, 20 Bond Street
    SYDNEY NSW 2000
    SUBJECT: CRUSHING PLANT AND RAIL WAGONS
    Crushing Plant and Equipment Purchase
    Mount Gibson Mining Limited (“MGM”) has purchased the crushing facility and associated plant
    and equipment at its Tallering Peak operations from Rapid Crushing and Screening Contractors
    (“Rapid”). The purchase of the facility reduces the risks associated with installing a replacement
    contract crushing plant as the operation moves to 3 million tonnes per annum production rates.
    The purchase of the crushing facility has significant operational and financial advantages to any
    alternatives available within the current industry environment.
    All disputes between Rapid and MGM have been resolved.




    Clear enough for ya???????
 
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