Sedgman: Force Majeure Lifted On McArthur Crushing Contract
23 February 2009 - 10:23AM
Dow Jones News
Australian mining services supplier Sedgman Ltd. (SDM.AU) Monday
reported Xstrata Plc's (XTA.LN) McArthur River Mining unit lifted
force majeure on an ore crushing contract that had been in place
since Jan. 26.
The lifting of force majeure followed a government announcement
Friday formally approving the expansion of the mine.
Sedgman will immediately remobilize to McArthur River mine near
Borroloola district in the Northern Territory to commence crushing
ore on Thursday, it reported.
"While today's announcement is great news for Sedgman, our key
focus is to assist McArthur River in restarting operations as soon
as possible," Sedgman Managing Director Mark Read said in a
statement.
-By Ray Brindal, Dow Jones Newswires; 612-6208-0902;
ray.brindal@dowjones.com
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