Coal Loading at Xstrata's Abbot Point Terminal Halted on Storm

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Jan 2009

The Abbot Point coal port, an export terminal in Australia operated by Xstrata Plc, has stopped loading vessels after its only loader was blown off its tracks during a storm late yesterday. The loader “is going to be out action for a few days,” Graham Rawlings, general manager commercial at the port, said today by phone. “We have commenced an investigation into the incident.” The port, located 25 kilometers (16 miles) north of the town of Bowen in central Queensland, ships coal from mines including Newlands and Collinsville and has a capacity of 21 million metric tons. Abbot Point shipped 12.5 million tons of coal in the year ended June 30, according to the port’s Web site.




Source: Bloomberg