Queensland,
Australia-based seaborne low volatile pulverized coal injection (PCI) producer
Macarthur Coal Limited has announced a reduction in its 2011 financial year (ending on June 30) sales
production target as a result of extended unseasonal rainfall impacting on
production.
The company's saleable
production target, which was previously five million mt, has been decreased to the range of 4.1-4.3 million mt.
Macarthur recalled that the unseasonal wet weather that impacted
production had necessitated the declaration of force majeure on December 3, 2010.
Recovery continues, though a return to full
production levels has been hampered by additional rainfall received from cyclones Anthony and Yasi.
Macarthur Coal CEO Nicole Hollows said, "Our operations at both Coppabella and Moorvale have been disrupted by unseasonal heavy rains over the past three months; continuation of excessive wet weather has caused further delays to
production through to February. Although we are anticipating more rainfall, should it remain at historical averages, we are confident of progressively returning to normal
production over the next few weeks."