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Iron ore price plunge darkens future for new mine in WA’s Mid West – Sydney Morning Herald

The falling iron price may claim another victim with Mount Gibson considering the future of its newly opened Shine mine.

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Five weeks after its first shipment, the owner of the Shine iron ore project in Western Australias Mid West is reconsidering its operation as iron ore prices tumble.
Trading in Mount Gibson Iron Limited shares was halted on Wednesday morning ahead of an…

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