September 08, 2008

Macarthur declares force majeure

Macarthur Coal Limited announced that the recent heavy rain event in central Queensland has continued to impact production.

It said that “As previously reported on January 21st 2008, the rain has disrupted mining activities at Coppabella and Moorvale mines. Force majeure has been declared due to the disruption to production and the company will continue to assess the full impact of delays to coal mining and processing.”

Macarthur Coal has significant stocks of thermal coal at Moorvale Mine and sales of this coal may reduce the impact of the rain event on coal sales for the 2008 financial year.

Mr Nicole Hollows CEO of Macarthur Coal said that the Company will continue to work with our customers to manage shipments during the recovery of operations.

Macarthur produced about 4.9 million tonnes of coal from its Coppabella and Moorvale mines in 2006, its production report showed.