A major Australian Mining Company has secured terms from a major Insurer to replace its existing cash-backed environmental bond with a surety bond. The company is engaged in activities related to mineral extraction and development in Australia. This strategic financial move will free up previously quarantined cash, allowing the company to invest in growth activities and general working capital for it’s Mines.
This demonstrates the power of surety bonds.
Stening Simpson, with over 46 years of expertise, facilitates global Surety Bond solutions, empowering businesses like this to optimise capital and drive expansion.
