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.

Mount Gibson receives sizeable settlement Mount Gibson receives sizeable settlement Mount Gibson receives sizeable settlement Mount Gibson receives sizeable settlement 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.