ASX Announcement
23 October 2013
Gordon Galt - Chairman
Stephen Bizzaca - Managing
Director - CEO
Glyn Dawkins - Non Executive
Director
Geoffrey Garside - Non Executive
Director
Company SecretaryTony McFadden
Principal ContactStephen Bizzaca - Managing
Director - CEO Phone: 02 4629 0300
Tony McFadden - CompanySecretary - CFO
Phone: 02 4629 0300
Registered officeSuite 220, Centric
4 Hyde Parade
Campbelltown NSW 2560
Telephone: 02 4629 0300
Facsimile: 02 4629 0399
Website: www.deltasbd.com.au
To : Australian Securities Exchange
Company Announcement
Berrima Colliery Transitions to Care and Maintenance
Delta SBD has been advised by Boral Ltd (Boral) that Boral will transition mining operations at its Berrima Colliery into "care and maintenance." Production is to cease this week and the transition to care and maintenance status will then occur over approximately 4 weeks.
Boral has advised that its decision to go to care and maintenance at the mine is the result of uncertainties arising from the NSW planning system and the need to reduce costs, with a flat cement sales outlook.
Delta SBD was appointed to manage Berrima in 2009 until 30
June 2015 and now will continue to manage the care and maintenance of the colliery.
Delta SBD is assessing the implications of this decision for the 38 full time employees on site.
Delta SBD's preliminary assessment of Boral's decision on DSB for FY2014 is that revenue will be reduced by approximately $8 million.
Yours Faithfully
Tony McFadden
Chief Financial Officer and Company Secretary
distributed by |