Zinifex barge hammered by cyclone - Aussie Stock Forums

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  1. #1

    Default Zinifex barge hammered by cyclone

    February 07, 2007 11:56am

    A HELICOPTER is rescuing 10 people from a barge swamped by heavy seas caused by tropical Cyclone Nelson in the Gulf of Carpentaria off north Queensland.

    The category two storm crossed the coast near Gilbert River Mouth about 5am (AEST) today, the Bureau of Meteorology said.

    A cyclone warning was current this morning for coastal and island communities from Karumba to Pormpuraaw, extending inland to Palmerville. An earlier cyclone warning for communities between Burketown and Karumba was cancelled.

    The MV Wunma, based at Karumba on the gulf, sent out a distress signal about 10.30pm (AEST) yesterday after taking on water and having engine problems as the cyclone hit.

    The stricken 113m vessel, owned by mining company Zinifex, is carrying about 5000 tonnes of zinc concentrate and is about 45km off the coast of Karumba.

    Australian Maritime Safety Authority spokeswoman Tracey Jiggins said an attempt to drop water pumps to the stranded crew had been unsuccessful as the crew had been unable to retrieve them from the heavy seas.

    "The heavy seas are causing the boat to list quite heavily," she said.

    The rescue helicopter was preparing to winch the crew to safety and transfer them to a Chinese ship, Eastern Star, which is about five nautical miles from the Wunma.

    Nelson is expected to weaken today as it crosses the few hundred kilometres of Cape York Peninsula, but the bureau says it will re-intensify tomorrow when it moves into the Coral Sea.

    Cyclones in the area have a history of criss-crossing the peninsula, regaining strength each time they pass into the gulf or the sea.

    Destructive winds gusts to 140km/h are occurring near the centre of the cyclone.

    The bureau said people in the path of the cyclone between Karumba and Pormpuraaw and inland to Palmerville should stay calm and remain in a secure shelter while the destructive winds continue.

    They have been told to follow any directions from police or State Emergency Service personnel.

    Coastal residents between Pormpuraaw and Karumba have also been specifically warned of the dangerous storm tide.

    Nelson is expected to cause further flooding in parts of north Queensland - between Mackay and Cairns - just starting to recover monsoonal flooding.

    Innisfail and Tully were still flooded, while Burketown, below the Gulf of Carpentaria, was isolated by flood waters.

    The threat from a second storm off Cairns, that looked like becoming a cyclone, has dissipated, the bureau said
    something doesn't necessarily have to be proven to 'actually' exist to have an effect that mimics the very likelihood that it does

  2. #2
    CanOz's Avatar
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    Jul 2006
    Sunny Brisbane
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    Default Re: Zinifex barge hammered by cyclone

    Well theres 5000 tonnes less for the stocks!

    Hope the crew gets out ok.
    "Dump everything aggressively. Take the price to a place where it trades" - Michael Platt - Hedge Fund Market Wizards

  3. #3
    E/W Learner Kauri's Avatar
    Join Date
    Sep 2005

    Default Re: Zinifex barge hammered by cyclone

    Zinifex Century Mine Transfer Vessel - MV Wunma, 11am update

    As advised earlier this morning at approximately 5:45am Zinifex’s transfer vessel,

    the MV Wunma, based at Karumba on the Gulf of Carpentaria in Queensland,

    relayed a distress signal indicating that it has taken on water in severe seas

    caused by cyclone Nelson.

    The Wunma remains anchored and stable. Weather conditions have improved

    somewhat enabling recovery operations to commence. Non-essential crew will

    shortly be evacuated from the vessel by helicopter.

    Production at the Century mine continues unaffected at this stage. An initial

    assessment indicates that production can continue for some time with capacity

    available to store concentrate in the storage shed at Karumba for at least a week.

    Efforts are continuing to identify replacement vessels should it eventuate that the

    Wunma is not operational for an extended period.

    We will be providing regular updates as further information becomes available.

    The above post is personal opinion only, for investment advice consult a licensed professional who fully understands the value of trailing commissions.

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