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South32 collects nearly $150m from insurers to fix Groote Eylandt wharf damage

Pelican Press

By Pelican Press,
in World News

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South32 collects nearly $150m from insurers to fix Groote Eylandt wharf damage

A South32-controlled venture has banked about $150 million from external insurers to rebuild a storm-ravaged wharf that ships all of the miner’s *********** manganese.

The global manganese market was hit by a supply shock in March when rough seas caused by tropical cyclone Megan pulled a bulk carrier colliding into the Groote Eylandt wharf.



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#South32 #collects #150m #insurers #fix #Groote #Eylandt #wharf #damage

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