OMH om holdings limited

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    OM Holdings Limited (ASX:OMH) has been awarded $5.7 million in damages as part of a claim concerning the process plant design defects for the Bootu Creek Manganese Mine.



    The diversified minerals group discovered the defects upon commissioning of the mine during 2005 and 2006 and launched the claim to recover the cost of rectifying the problem.



    The Supreme Court of Western Australia has now ruled OM has been successful in its action against the process plant design engineers who the court says were negligent and breached the duty of care. 



    The Bootu Creek Manganese Mine is located in the Northern Territory and the first shipment of ore was facilitated in June 2006.



    OM Holdings booked an $11.7 million net loss in the 2011 financial year.


 
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Last
27.5¢
Change
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Mkt cap ! $210.7M
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Price($) Vol. No.
28.0¢ 29283 2
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