Rio Tinto to pay compensation for Benga mine force majeure

Friday, 08 March 2013 11:36:40 (GMT+3)   |   Istanbul
       

Australian miner Rio Tinto's mining operations contractor South Africa-based Eqstra Holdings has said that Rio Tinto should not have declared force majeure on coal exports from its Benga mine in Tete province, Mozambique since the flood damage to the Sena railway line does not constitute a force majeure event in terms of its opencast mining contract with Rio Tinto.
 
Eqstra stated that it has come to terms with Rio Tinto for compensation of certain costs for the two-week period from midnight February 20 to March 6, 2013. Rio Tinto lifted the force majeure following the reopening of the railway line on March 4.
 
The Sena railway line was shut down in mid-February due to heavy rainfall.

Similar articles

Ex-Australia coking coal prices fluctuate below $250/mt FOB, market feels some softness

26 Apr | Scrap & Raw Materials

Indian government mulls consortium of state companies to build infrastructure in Mongolia to import coking coal

26 Apr | Steel News

MOC: Average steel prices in China up slightly during April 15-21

25 Apr | Steel News

Local coke prices in China rise, second round of increases awaited

19 Apr | Scrap & Raw Materials

Coal exports from Queensland up 0.1 percent in March from February

19 Apr | Steel News

India’s coking coal import traffic at ports up 10% in FY 2023-24

18 Apr | Steel News

Ex-Australia coking coal prices increase $25/mt amid better steel market in Asia

17 Apr | Scrap & Raw Materials

Turkey’s coking coal imports increase by 47.9 percent in January-February

15 Apr | Steel News

MOC: Average steel prices in China down slightly during April 1-7

11 Apr | Steel News

Australia’s Stanmore to wholly own Eagle Downs coking coal project

09 Apr | Steel News