A new lease of life for Mt Gibson’s Koolan Island

Image credit: Mt Gibson website

Iron ore miner Mount Gibson Iron has announced that it is considering establishing a logistics base to service the offshore oil and gas industry at Koolan Island, Western Australia.

Image credit: Mt Gibson website
Image credit: Mt Gibson website

Namely, the company has reached an agreement with specialist logistics provider Qube Holdings Limited to develop 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 is an ideal location for such a development due to its proximity to potential and proposed offshore oil and gas field developments in the Browse Basin.

“In partnering with Qube to progress the Koolan Island Logistics Base (KILB), Mount Gibson is working with an organisation with extensive specialist logistics expertise. The KILB also represents an outstanding opportunity to further deepen the strong existing relationship between Mount Gibson and the Dambimangari established over the last decade. Positive preliminary discussions have also been held with other key relevant stakeholders, including local and state government and prospective end users,” reads the company’s ASX Announcement.

Mount Gibson’s Koolan Island mine was placed on care and maintenance in December last year when over 300 jobs were lost.

The company expects helicopter and aircraft services to become available within 12 months of making a positive decision, once all the necessary approvals are acquired.

The project is still in its early stages, with further updates to be released in the near future.