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Friday, January 21, 2011

Australia's Aquila restarts Issac Plains mine after floods

Thu Jan 20, 2011 11:12pm GMT

SYDNEY Jan 21 (Reuters) - Australia's Aquila Resources said production has restarted at its Issac Plains metallurgical and thermal coal mine following recent flooding in Queensland state.

However, force majeure remained in place on some sales contracts as resumption of full production will take some time while waters are pumped out, Aquila said.

The mine is a 50-50-joint venture between Aquila and Brazil's Vale
(source:Reuters, Reporting by James Regan; editing by Balazs Koranyi)

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