Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

BRIEF-Stanmore Coal updates on rain event situation

Published 03/04/2017, 11:31 am
Updated 03/04/2017, 11:40 am
© Reuters.  BRIEF-Stanmore Coal updates on rain event situation
SMR
-

April 3 (Reuters) - Stanmore Coal Ltd SMR.AX :

* Impact at mine is low with no material damage to company assets or other key equipment

* Delays due to transport service delivery and potential extended shipping queues may impact sales to customers during april and may

* Mine is operational and port is anticipated to be operational later today

* Refers to announcement (titled "rain event situation") which discussed preparations undertaken at company's isaac plains coal mine (mine)

* Anticipates mine will operate with reduced personnel numbers until end of this week

* Availability of rail transport infrastructure at mine is less certain given damage incurred to areas of goonyella rail network

* Will advise further as to any impacts on full year production forecasts once full logistics system status is understood

* Delays due to transport service delivery and potential extended shipping queues may impact sales to customers during April and May Source text for Eikon: ID:nASX7z5GgZ Further company coverage: SMR.AX

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.