Bloomberg News

OM Holdings to Delay Export Shipments on Train Derailment

February 17, 2012

Feb. 17 (Bloomberg) -- OM Holdings Ltd., an Australian manganese producer, said it may delay up to three export shipments to the second quarter after a freight train was derailed in December by floods.

“The group is continuing to meet its contractual commitments as well as spot sales to customers from its existing stockpiles in Northern and Southern China,” Singapore-based OM Holdings said in a statement to the Australian stock exchange.

The company’s transport route was interrupted after a bridge was damaged by floods associated with Cyclone Grant in December. It will still export three shipments from the Port of Darwin in the first quarter, it said.

--Editors: Rebecca Keenan, Ryan Woo

To contact the reporter on this story: Michelle Yun in Hong Kong at Myun11@bloomberg.net

To contact the editor responsible for this story: Rebecca Keenan in Hong Kong at rkeenan5@bloomberg.net


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