The Mole, it is worse than that!! They're supposed to be paid based on 65% not 62%. The extra 70 cents was to cover for the difference between 65% and the actual grade which averaged 65.9%. Seems like KML picked a very very bad index to tie to, that's why other Aus concentrate producers are getting paid substantially more than KML.
Ann: Quarterly Activities Report-GBG.AX, page-8
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