MARKETS

Dalrymple doldrums hurt Macarthur

WITH capacity cutbacks at Dalrymple Bay hurting shipments during the December quarter, there is n...

Angie Tomlinson

Macarthur's coal shipments fell 23.1% during the December quarter from the same period last year to 955,000 tonnes.

The company blamed the fall on construction works at Dalrymple Bay Coal Terminal, which is in the throes of expanding.

Macarthur said shipments out of Dalrymple Bay were at their lowest level in four years. The port shipped 40.3Mtpa during the December quarter against forecasts of 50.1Mtpa.

Shipping delays also hurt Macarthur in demurrage costs, the Queensland producer averaging $A5.95/t during the December quarter.

Despite this the company managed to export some coal through Abbot Point terminal, reducing the impact from the Dalrymple cutbacks.

The Coppabella open cut produced 497,000t during the December quarter, down on the corresponding period. Macarthur attributed the fall to rainfall, an eight day shutdown over Christmas and high stockpiles.

From early December to January 21, 678mm of rain fell on Coppabella - more than the annual average.

Macarthur said a significant amount of water had accumulated in the pit which it would need to remove via pumping prior to resume coal mining.

At Moorevale production levels were better - the mine produced above budget and 60% higher than the same period last year. This was despite a minor failure in the advancing highwall.

While rainfall at Moorevale was much lower than Coppabella, water had still entered the pit.

Pumps are removing the water and while overburden mining had resumed, the company expected delays in accessing coal.

Despite all the rain, Macarthur said it still expected to reach projected sales of 4Mtpa in the 2008 financial year.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production