MGX 3.39% 30.5¢ mount gibson iron limited

Ann: MGX agrees A$86 million property damage insurance settlement-MGX.AX, page-61

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  1. 1,676 Posts.
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    I have a feeling they wont fix the wall. Why insurance premiums could rise if an insurer is willing first and foremost, heard its a very unstable area to mine, that's why even BHP left the place even though high quality iron ore in place.

    Actually its a blessing in disguise for MGX with a huge insurance payout, they wont make the same mistake again. 99% they wont re-mine in KI.
 
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