It has taken almost seven months for the miner to lift the declaration after its mines were hit by floods which devastated central Queensland in late January.

Macarthur CEO Nicole Hollows said recovery from the excessive rainfall was progressing and while operations continued to be affected, there was now sufficient delivery certainty to resume contractual delivery agreements.

“It has been a challenging eight months for the Coppabella and Moorvale mines but we were able to offset some of the production shortfalls by processing and shipping thermal coal from stockpiles,” Hollows said.

During the June quarter the miner reported a 4.1% saleable coal production slump at Coppabella. Sales from both mines for the 2008 financial year totalled 3.94 million tonnes.

Macarthur closed up 7.55% Wednesday at $A14.11.