Bathurst Resources Ltd (AU:BRL) has released an update.
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Bathurst Resources Limited reports a significant setback as a partial roof collapse in the Tawhai Tunnel disrupts rail transport from their Stockton mine to Lyttelton Port, pushing the company to revise its FY25 export volume forecast down by 250kt. With the tunnel’s repair potentially extending until December 2024, Bathurst is swiftly adapting its shipping plans and mine operations to mitigate impacts, including switching to road freight and adjusting customer communications. These changes are anticipated to affect the company’s first half-year shipping schedule and will be detailed in the upcoming June Quarterly Report.
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