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Mastermyne Group Unit Fined AU$7 Million by Queensland Court After Industrial Manslaughter Conviction

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-- Mastermyne Group (ASX:MYE) said the District Court of Queensland fined its wholly-owned subsidiary, Mastermyne Crinum Operations, AU$7 million and also ordered it to pay the regulators costs of AU$300,000 as a consequence of the industrial manslaughter conviction, according to a Friday Australian bourse filing.

An incident at the Crinum mine in September 2021 resulted in the death of Graham Dawson, and Resources Safety & Health Queensland investigated the incident, an earlier filing said. The Office of the Work Health and Safety Prosecutor brought two complaints against Mastermyne Crinum. The court returned a a guilty verdict for the industrial manslaughter charge.

Mastermyne Crinum filed a notice of appeal, and a hearing date is yet to be determined.

Mastermyne Group's shares surged almost 14% in recent Friday trade, hitting their highest since July 2024.

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