March 30, 2026 -- St Barbara Limited (“St Barbara” or the “Company”) (ASX:SBM) advises that its Simberi Operations is well stocked with diesel fuel. This relates to recent inquiries about Simberi’s fuel stocks given the impact on global diesel fuel supply chains following the shipping restrictions through the Strait of Hormuz.
Diesel for the Simberi Operations is supplied by Puma Energy (majority owned by the Trafigura Group) and originates from various refineries in Asia, including Singapore, Malaysia, South Korea and Japan. The Simberi Operations currently use approximately 65,000 litres per day of diesel for the mining fleet and power generation.
Current diesel supply stored on Simberi Island is approximately 4.7 million litres (sufficient to cover more than two months’ usage), with another 3.5 million litres in allocated storage in country at Lae and Port Moresby storage locations. These stocks are anticipated to be sufficient to cover well in excess of three months of requirements for mining and power generation. While 1.8 million litres of the diesel in storage at Lae will only be priced at the end of March 2026,the pricing of the balance,6.4 million litres, of diesel in storage has been locked in and paid for based on the Mean of Platts Singapore average price for January (i.e. pre-conflict pricing).
At a glance
- Company
- St Barbara Limited
- Ticker
- ASX: SBM
- Location
- Simberi Island
Key figures
- Diesel stored on Simberi Island
- approximately 4.7 million litres
- Diesel in allocated storage at Lae and Port Moresby
- 3.5 million litres
- Daily diesel use
- approximately 65,000 litres per day
- Diesel with pricing locked in and paid
- 6.4 million litres
- Diesel at Lae to be priced at March-end
- 1.8 million litres
People
- Andrew StreleinManaging Director and CEO
Products and programs
St Barbara has been taking the precaution of holding increased diesel storage for several months now.
Authorised by
Andrew Strelein
Managing Director and CEO
For more information
Investor Relations
David Cotterell
General Manager Business Development & Investor Relations
T: +61 3 8660 1959 M: +61 447 644 648
Media Relations
Paul Ryan / Russell Quinn
Sodali & Co.
M: +61 409 296 511 / +61 403 322 097
Source: https://news.marketersmedia.com/simberi-operations-well-stocked-with-fuel/89187178
If you come across any problems, discrepancies, or concerns related to the content contained within this press release that necessitate action or if a press release requires takedown, we strongly encourage you to reach out without delay by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our committed team will be readily accessible round-the-clock to address your concerns within 8 hours and take appropriate actions to rectify identified issues or support with press release removals. Ensuring accurate and reliable information remains our unwavering commitment.
In brief
St Barbara Limited says its Simberi Operations has diesel stocks it expects to cover well over three months of mining and power-generation needs. The company reports approximately 4.7 million litres stored on Simberi Island and a further 3.5 million litres in allocated storage at Lae and Port Moresby. Operations use about 65,000 litres per day. St Barbara says the price for 6.4 million litres in storage has been fixed and paid at the January Mean of Platts Singapore average, while 1.8 million litres stored at Lae will be priced at the end of March 2026. The company says it has maintained higher fuel storage for several months amid supply-chain concerns related to shipping restrictions through the Strait of Hormuz.
Key takeaways
- St Barbara reports approximately 4.7 million litres of diesel on Simberi Island and 3.5 million litres in allocated storage at Lae and Port Moresby.
- The company says combined stocks are expected to cover well over three months of mining and power-generation needs.
- Simberi Operations use approximately 65,000 litres of diesel daily.
- Pricing for 6.4 million litres has been locked in and paid; 1.8 million litres at Lae will be priced at March-end.
