OM output could be derailed
20th Feb 2012
SINGAPORE, Feb 20 – The Edith River bridge in Australia’s Northern Territory, seriously damaged in a train derailment that followed Cyclone Grant in late December, will not be back in action until the end of this month.
Operator Genesee & Wyoming has told customers the bridge was substantially repaired with earthworks and abutments completed at both ends and the deck aligned but additional damage found on the southernmost girder during the repairs requires additional strengthening.
The bridge is now due for reopening by February 29.
OM Holdings says the extended delay may defer 2-3 export shipments from its Bootu Creek manganese mine into the second quarter. Despite the delay, OMM says it is continuing to meet its contractual commitments as well as spot sales from existing stockpiles in northern and southern China.
OMM has been assured that additional rail capacity will be available if required to make up for the delay.
Production has continued uninterrupted, with product stockpiled at the mine and Muckaty rail siding. Three shipments will still be made from Darwin in the first quarter.
Because of the impact on scheduled export shipments, the company has made arrangements for internal funding of its operating cash requirements.
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