Mount Gibson Iron Reinstated to ASX Quotation
Key points
- Suspension of trading in MGX securities lifted after announcement on impact of Koolan Island rockfall
- Announcement provides details on the incident and its effects on operations
- Company reinstated to ASX quotation following release of required information
Full summary
Mount Gibson Iron Limited (MGX) has been reinstated to quotation on the Australian Securities Exchange (ASX) after the suspension of trading in its securities was lifted. The suspension was imposed following MGX's announcement on 17 October 2025 regarding the impact of a rockfall on the eastern footwall (island-side) in the Main Pit at its Koolan Island operation. The reinstatement comes after MGX released an announcement providing further details on the incident and its effects on operations. With the required information now disclosed, ASX has lifted the suspension, allowing MGX's securities to resume trading on the exchange.
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