Mount Gibson Iron (ASX:MGX) has reached an agreement with...

Mount Gibson Iron (ASX:MGX) has reached an agreement with specialist logistics provider Qube Holdings Limited (ASX:QUB) to potentially establish a logistical services base for the offshore oil and gas industry at Koolan Island, Western Australia.

The proposed Koolan Island Logistics Base envisages the staged development of helicopter refuelling and maintenance facilities, air search and rescue facilities, an all-weather runway suitable for large-scale passenger jet aircraft, a deep-water marine terminal, and accommodation facilities.   

Koolan Island benefits from its proximity to potential and proposed offshore developments in the Browse Basin; the presence of substantial existing infrastructure on the island, and the ability to utilise areas of existing disturbance, thereby minimising potential environmental impacts.

Qube has extensive specialist logistics expertise.

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