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The Rio Tinto mining company's logo is photographed at its annual general meeting in Sydney, Australia on May 4, 2017. REUTERS / Jason Reed
MELBOURNE (Reuters) – Rio Tinto said Friday it has sent force majeure notices to some iron ore customers due to damage caused by tropical cyclone Veronica, which hit western Australia earlier this week.
A case of force majeure is invoked when a company informs a counterparty that it can not perform a contractual obligation due to circumstances beyond its control.
The company did not specify which specific products were subject to force majeure, but the notice indicated that Rio "was currently badessing the impact of the damage to the Cape Lambert A port facility and working with its customers to minimize interruptions. of supply ".
Rail and marine operations at Cape Lambert Terminal B and Dampier Harbor have resumed and are intensifying, the statement said.
Cape Lambert A is an iron ore terminal capable of loading over 85 million tonnes per year. The port is located on the northwestern coast of Western Australia.
Port of Cape Lambert Mainly loaded with iron ore products from the Hamersley Iron Yandicoogina (HIY) and Robe River mines.
In 2018, Rio Tinto shipped 57.4 million tonnes of HIY products and 32 million tonnes of Robe River products.
Rio Tinto said it would provide an update during its first quarter review on April 16th.
Report of Sonali Paul; edited by Richard Pullin and Christian Schmollinger
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