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Mount Gibson receives sizeable settlement

ONE of the strongest balance sheets in the mining sector is about to get stronger after Mount Gibson reached final agreement with its insurers for a settlement relating to the 2014 Koolan Island pit wall failure.

Kristie Batten
Mount Gibson receives sizeable settlement

The agreement with 14 insurers, representing 92.5% of the company’s underwriting cover for business interruption, is for a cash settlement of A$64.3 million. Proceeds are expected to be received at the...

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