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SDM Sedgman Fpo (delisted)

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0.00 (0.00%)
Share Name Share Symbol Market Type
Sedgman Fpo (delisted) ASX:SDM Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Sedgman: Force Majeure Lifted On McArthur Crushing Contract

22/02/2009 11:23pm

Dow Jones News


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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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