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Macarthur Coal Ltd (MCC.AX), the world’s largest producer of pulverized injection coal (PCI) for steelmaking, is reported to have resumed its coal shipments following the resumption of rail and port services at Dalrymple Bay Coal Terminal.
Macarthur Coal Ltd (MCC.AX), the world’s largest producer of pulverized injection coal (PCI) for steelmaking, is reported to have resumed its coal shipments following the resumption of rail and port services at Dalrymple Bay Coal Terminal.
The press release is quoted as saying:
Macarthur, which declared force majeure on shipments on March 19, said its full year sales forecast range of 4.8-5 million tonnes remained unchanged, despite the recent weather-related disruptions. It said its key coal port would take between three to six weeks to resume full operations. [ID:nSGE62N01A] The Dalrymple Bay Coal Terminal, which has an annual capacity of 85 million tonnes per year, was shut for about four days last week due to rough weather conditions caused by a cyclone.