Yeesh, would everyone google Koolan Island or the Dolphin Mine on King Island and get over this already. Dolphin mine looks well set back compared to this one we are looking at.
However the Koolan mine is the one that made me wonder if the same problems could happen here and why I bought it up. Unsure if similar issues could arise here as well. It ended up being an investment nightmare unfortunately and felt like it was continuously hitting headlines year on year 2014, 2016, 2018 where some big ones.. I didnt bring it up before as everyone would go crazy that I was down ramping but in truth it needs some awareness surely. eg
Koolan Island mine flooding is an environmental disaster for Kimberley Coast Greens Member of Parliament, Robin Chapple is absolutely appalled at the environmental disaster on Koolan Island with the Mt Gibson iron ore mine flooding yet again.“How many times does this mine have to flood before the problem is fixed properly?” Mr Chapple asked.“This is a classic example of the mismanagement of a mine that will now severely impact on our marine life in Kimberley! https://www.robinchapple.com/koolan-island-mine-flooding-environmental-disaster-kimberley-coast
A section of the Koolan Island iron ore mine off the Kimberley coast of WA is now flooded to sea level after it’s sea wall collapsed on Tuesday.No one was injured by the breach and all non-essential operations were immediately suspended.It’s the third time in a month that the wall has been compromised with the latest slump bringing the wall down to below the tide mark, allowing seawater to completely flood the 2km long pit. https://www.amsj.com.au/koolan-island-iron-ore-mine-floods-sea-wall-collapses/
I think the bigger concern is rather where is the water coming from and how far down can you cut or blast absent risking much the same.Maybe they pushed the limits of the time and now extra depth may be gained. We really need someone more aware of the mine itself to offer their thoughts than what I can do with just my researching..
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