Australian Flooding Mining News

BHP Billiton ‘significantly affected’ by rain and flooding

BHP Billiton coal production in Queensland declined by 30% due to rain and flooding in the Bowen Basin. "In the December 2010 quarter, Queensland Coal production declined by 30% when compared with the September 2010 […]

Determined recovery by Queensland’s biggest earner: the coal industry

Despite the prospect of an estimated A$2.3 billion worth of lost sales from wet season events beginning early December 2010, Queensland's export coal industry is moving with determination to restore the state's leading income earner. 

Australia floods force ships to look for coal supplies elsewhere

Reuters reports:  An increasing number of dry bulk carriers are departing eastern Australia's coal ports empty-handed as devastating floods force companies to look for supplies elsewhere, traders and industry experts said.

Australian mines will need months to pump out flood waters

According to mining contractors, coal mines in Australia's flood-ravaged Queensland state could take up to six months to return to full operation.

Australia coal losses mount

Australia's devastating floods could remove 5 percent or more of steelmaking coal from world markets, a major bank estimated on Wednesday, as signs emerged that damage and disruption to coal infrastructure continued to spread with […]

Rio declares force majeure on Boyne aluminium

Premiums for spot primary aluminium in Asia are unlikely to rise after Rio Tinto declared force majeure on shipments from its Boyne unit, due to weak demand and sufficient supplies. Photo by Patrick Hoesly.

Contract miner Leighton says floods halt activities

Mining Weekly reports: ASX-listed contract miner and construction specialist the Leighton Group on Wednesday reported that a number of its contract mining operations in Queensland had been affected by the severe weather conditions in Queensland.

South Korea's POSCO reluctant to pass rising steel costs to buyers

The chief executive of POSCO, the world's No.3 steelmaker, said it would be difficult to raise steel prices enough to cover rising raw materials costs stemming from flooding in Australia, which has affected coal mines, rail links and ports.

Graphic: Australian flooding and impact on coal

Globe and Mail uses graphs to show the impact the flood will have on worldwide coal exports.

Video shows devastation in Queensland

Video taken throughout Queensland shows the flood's tremendous impact on the region.

Australians face flooding disaster courageously – a roundup of editorial opinion

The Australian pays homage to the nation's can-do spirit. It also outlines the enormous cost of the disaster and the work required to bring the state back.

Australian Floods Shaking Up Global Coal Investments

OfficialWire reports: The coal terminal at Dalrymple Bay, the largest Australia's Queensland state, is running at 70 percent of capacity despite fears flooding would halt production.

Coal shortfall from Queensland floods fuels Asian inflation

The Australian reports: Flooding in Australia's coal heartland has resulted in a price surge across Asia that could flow on to coal-dependent steel and electricity.

Floods threaten Australia's third biggest city

Reuters reports: Residents in Australia's third largest city, Brisbane, sandbagged their homes against rising waters Monday as torrential rain worsened floods that have paralyzed the coal industry in the northeast and now threaten tourism.

A meagre upside, admittedly, but Queensland rebuild will boost GDP

IT IS little comfort for those who have lost everything but Queensland's floods could provide some economic growth as communities rebuild, households replace damaged appliances and coal prices increase.