Beaconsfield Gold loses second bid to recoup rockfall closure losses
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Beaconsfield Gold has lost its second attempt to claim back losses incurred after a rockfall at the northern Tasmanian mine more than two years ago.
The mining company's battle for insurance money comes as it faces questions from a coronial inquiry into the accident.
Gold production at the Beaconsfield mine was on hold for a year after the fatal 2006 rockfall.
The mine's operators lodged a claim under their business interruption policy, with insurer QBE.
But QBE refused to cover the losses when the mine was closed.
Last year Beaconsfield Gold lodged a $49 million damages claim in the Victorian Supreme Court.
The court found in favour of the insurer.
That decision has now been upheld, with the company's appeal dismissed.
Beaconsfield Gold says it's taking legal advice.
Meanwhile, in the Launceston Coroner's Court, the first of the mine's managers is due to give evidence next week at the inquest into the death of miner Larry Knight, who died in the rockfall.
