Metarock (ASX:MYE) - CEO & Managing Director, Tony Caruso
CEO & Managing Director, Tony Caruso
Source: Mastermyne
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  • Metarock (MYE) suspends operations at the Moranbah North mine after the death of an employee on March 25
  • While no details have been announced about how the death happened, Metarock is working closely with the mine operator and is undertaking an independent investigation
  • Unfortunately, this isn’t the first time a death has happened with the company confirming the death of a worker at the Sojitz Blue Gregory Crinum mine in September
  • In regards to today’s announcement, Metarock revealed it had commissioned an independent organisational review following the incidents at Moranbah North and Crinum
  • Shares in Metarock are down 12.5 per cent following this news with shares trading at 59.5 cents

Metarock (MYE) has suspended operations at the Moranbah North mine after the death of an employee on March 25.

While no details have been announced about how the death happened, Metarock is working closely with the mine operator, Anglo American, and is undertaking an independent investigation.

Metarock is providing support and assistance to the family of the employee as well as to all staff and those impacted.

“Our immediate thoughts are with the family, friends and workmates of our colleague. We will continue to support our colleague’s family and our teams as we all work through this tragic event,” Managing Director Tony Caruso said.

Unfortunately, this isn’t the first time a death has happened with the company confirming the death of a worker at the Sojitz Blue Gregory Crinum mine in September.

Another worker was taken from the mine and one was taken to hospital as a precaution with an update made a few days later revealing he was making good progress with his recovery.

Mining operations were suspended and an investigation to determine the cause of the accident was undertaken.

In regards to today’s announcement, Metarock revealed it had commissioned an independent organisational review following the incidents at Moranbah North and Crinum.

“Safety is one of our central values. We have operated for over 25 years without
a loss of life on our projects and to have two fatalities in a short space of time is unacceptable,” Mr Caruso continued.

“We will undertake a thorough independent review of our safety systems and practices across the organisation to understand where we can improve our systems and approach, to further reduce the risks of serious safety incidents.”

Shares in Metarock were down 12.5 per cent following this news and were trading at 59.5 cents at 2:03 pm AEDT.

MYE by the numbers
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