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Heavy rains are crippling the Australian mining industry, hitting a region that produces 40% of...

Heavy rains are crippling the Australian mining industry, hitting a region that produces 40% of the world's coal for steel production. Rio Tinto (RIO), BHP Billiton (BHP), and Anglo American (AAUKY) have all had to cancel contracts because of the rains. RIO -0.8%, BHP -1% premarket.
Comments (2)
  • bob adamson
    , contributor
    Comments (4555) | Send Message
     
    Two Australian stories are being featured and here is the other one.

     

    seekingalpha.com/curre...

     

    One should consider how the one may affect the other, at least over the next few months.
    1 Jan 2011, 11:53 AM Reply Like
  • bob adamson
    , contributor
    Comments (4555) | Send Message
     
    Here are January 2nd updates on the Queensland floods. The scale of Queensland’s coal exports and the impact of the flooding on the flow of these exports are detailed.

     

    www.theaustralian.com....

     

    www.heraldsun.com.au/b...
    2 Jan 2011, 12:28 PM Reply Like
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