OM Holdings Limited (ASX:OMH) has advised that its production is on track despite a freight train derailment in the Northern Territory last month.
The train travelling to Darwin derailed on December 27, 2011 because of wet weather caused by Cyclone Grant but was not carrying any OM Holdings manganese product at the time.
The diversified minerals group says a plan to work 24 hours-seven days a week on a recovery and repair program is currently being developed to facilitate the re-opening of the track.
OM expects two of its scheduled exports shipments to be impacted as a result of the incident and does not expect any long term impact to its revenue and/or take-or-pay obligations.
In the first half of the 2011 calendar year OM Holdings reported a net profit of $10 million.
