Mount Gibson Iron Limited
(ASX:MGX) CEO Jim Beyer is reportedly set to embark on an acquisition spree to battle the perception it offers minimal earnings growth potential.
According to News Corp reports, Mr Beyer and Mount Gibson are considering several acquisition opportunities.
These include a possible diversification into coking coal, one of several potential ventures on the radar since Mr Beyer’s promotion last May.
Last week Mount Gibson completed its first acquisition under Mr Beyer, purchasing further exploration ground around its Extension Hill mine in Western Australia.
Mr Beyer says the company is also looking at opportunities around Australia, in either a development or operational stage.
Mt Gibson Iron reported a net profit of $172.49 million in the 2012 financial year.
