Rio Tinto PLC has now lifted force majeure on sales of coal from the last of its Australian coal mines after recovering from flooding early in the year.
A spokesman for the company said that the clause, which releases a company from supply obligations due to circumstances beyond its control, was lifted at the London based company's Hail Creek mine in central Queensland state on May 12.
The spokesman said that force majeure was declared at Rio Tinto's four Queensland coking coal mines in late December following monsoon rains and lifted at three mines in February and March.
Hail Creek mine, located 90 kilometers southwest of Mackay, supplies steel mills in Asia and Europe. Rio Tinto has previously said hard coking coal production fell to 1.63 million metric tonnes in the first three months of the year, down 29% on the previous quarter and 12% on the same period a year earlier. (sourced Dow Jones)
A spokesman for the company said that the clause, which releases a company from supply obligations due to circumstances beyond its control, was lifted at the London based company's Hail Creek mine in central Queensland state on May 12.
The spokesman said that force majeure was declared at Rio Tinto's four Queensland coking coal mines in late December following monsoon rains and lifted at three mines in February and March.
Hail Creek mine, located 90 kilometers southwest of Mackay, supplies steel mills in Asia and Europe. Rio Tinto has previously said hard coking coal production fell to 1.63 million metric tonnes in the first three months of the year, down 29% on the previous quarter and 12% on the same period a year earlier. (sourced Dow Jones)
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