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 […]
Australian Flooding Mining News
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.
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.
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'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 […]
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.
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.
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.
Globe and Mail uses graphs to show the impact the flood will have on worldwide coal exports.
Video taken throughout Queensland shows the flood's tremendous impact on the region.
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.
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.
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.
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.
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.