Nov 24 (Reuters) - Mount Gibson Iron Ltd MGX.AX :
* Has entered into an offtake agreement with Chinese customer Sinogiant Steel Holdings Group Limited
* Deal for purchase of approximately one quarter of first year's available annual production planned from company's iron hill iron ore deposit
* Development capital costs are expected to total $2-3 million
* all-in cash costs are expected to be consistent with extension hill Source text for Eikon: ID:nASX7nx0k2 Further company coverage: MGX.AX