Despite news of rain impacting production, shares in coal company Macarthur Coal rose as much as 14.6% to $9.73.
The coal producer and explorer said recent heavy rain event in central Queensland has continued to impact production.
The rain has disrupted mining activities at Coppabella and Moorvale mines.
Force majeure has been declared due to the disruption to production and the company will continue to assess the full impact of delays to coal mining and processing.
Brisbane-based Macarthur Coal has significant stocks of thermal coal at Moorvale Mine and sales of this coal may reduce the impact of the rain event on coal sales for the 2008 financial year.
Chief executive officer, Nicole Hollows, said that the company will continue to work with its customers to manage shipments during the recovery of operations.
Shares in Macarthur Coal ended 9.19% higher at $9.27.
