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Elura insurance premiums too rich for Clough

CLOUGH Engineering will not be committing equity to the Elura zinc project being bought by Consolidated Broken Hill, and will not be the project's mining contractor following assessment of the potential workers compensation premiums the two companies would be exposed to.

Michael Quinn
Elura insurance premiums too rich for Clough

CBH said the mine would now be operated by a number of specialised industry contractors with no corporate relationship with either it or Clough. Clough is now to be issued with 4.33 million CBH shares...

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