Yancoal declares Force Majeure

Following its inundation last month, Yancoal has been forced to declare Force Majeure for its Yarrabee coal mine.

The miner reported that its Yarrabee coal mine had received more than 360 mm of rain in the pit.

Whilst production was suspended at Yarrabee, it restarted after only a two day shutdown.

It has declared For Majeure "due to damage caused to the Blackwater rail corridor by ex-tropical cyclone Oswald".

"Yarrabee, along with several other mines on the same rail corridor, is currently not able to rail coal from the mines to the port in Gladstone."

It went on to state that "ponded water held within the mining operational areas will likely impact Yarrabee for several more weeks".

However "product coal haulage operations from Yarrabee to the Boonal rail loadout facility are continuing normally".

Xstrata was also recently forced to declare Force Majeure on some of its coal exports as heavy rains damage its rail network.

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