Coal shipments could be delayed weeks after storm

New Acland Coal mine has been affected by storm damage in Brisbane.
New Acland Coal mine has been affected by storm damage in Brisbane. Contributed

THE shiploader used to export coal from the New Acland Mine could take several weeks to repair after it was rendered "inoperable" during storms Sunday night.

New Acland mine owner New Hope Group said a preliminary assessment was undertaken Monday at their wholly owned coal terminal, Queensland Bulk Handling, in Brisbane.

Initial indications are that the shiploader could take several weeks to be repaired.

During that time the terminal will not be able to load coal onto ships.

New Hope said the financial implications of the event were still being assessed, however, "delays to shipments due to this incident may result in lower sales for the current financial reporting period".

The company's quarterly activity report, ending October 31, showed export volumes through the terminal were down 15%.

Yancoal, which owns Cameby Downs in the Surat Basin, also uses the shiploader.

It is not believed the company will seek to export through other terminals such as Hay Point or Dalrymple Bay, near Mackay.

Topics:  brisbane coal export mining new acland mine new hope group storm damage

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