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
Sedgman (ASX:SDM)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Sedgman Charts.
Sedgman (ASX:SDM)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Sedgman Charts.