Mount Gibson reaches settlement with Rizhao *UPDATED*

IT has taken more than a year but Chinese-controlled Mount Gibson Iron has reached settlement with major customer Rizhao Steel Holdings over a breach of contract, but will not receive the full $US114 million ($A111 million) it is entitled to.

Mount Gibson reaches settlement with Rizhao *UPDATED* Mount Gibson reaches settlement with Rizhao *UPDATED* Mount Gibson reaches settlement with Rizhao *UPDATED* Mount Gibson reaches settlement with Rizhao *UPDATED* Mount Gibson reaches settlement with Rizhao *UPDATED*

Rizhao was ordered last August by an independent arbitrator to pay the full amount owed as well as interest of 6% from the date of award, plus Mount Gibson’s arbitration costs, but has held out on the

loader