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The latest announcement is out from Timah Resources Ltd ( (AU:TML) ).
Timah Resources Limited reported an operational incident at its biogas plant in Sabah, Malaysia, due to an electrical failure involving a 33kV switchgear busbar. This has led to the plant being non-operational, with repairs underway and an expected offline period until the end of June 2025. The incident is projected to cause a one-off financial loss of approximately RM900,000, though insurance may cover some of this loss. No injuries were reported, and the company does not foresee any long-term operational or financial impacts.
More about Timah Resources Ltd
Timah Resources Limited operates within the renewable energy sector, focusing on biogas production through its subsidiary, Mistral Engineering Sdn Bhd, in Sabah, Malaysia.
Average Trading Volume: 146
Technical Sentiment Signal: Sell
Current Market Cap: A$3.11M
Find detailed analytics on TML stock on TipRanks’ Stock Analysis page.