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Metarock takes further $11.1M hit to settle Crinum dispute

METAROCK Group has settled a dispute with a Sojitz Corporation subsidiary over claims and potential claims over Metarock’s Gregory Crinum contract following a roof fall at the Queensland mine in 2021.

Lou Caruana
As a consequence of the settlement, Metarock will incur an extra $11.1 million impairment on its balance sheet.

As a consequence of the settlement, Metarock will incur an extra $11.1 million impairment on its balance sheet.

Metarock terminated the contract, with effect from 5pm October 21 2022, due to extended force majeure resulting from its inability to access the mine to perform the contracted services for a continuous...

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