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Cyclone Debbie Sweeps through Queensland Coalfields


Rail provider Aurizon confirmed to the Australian Financial Review that none of the four railways serving Queensland coal miners were in full operation, and two of them were entirely out of action in the wake of category four Cyclone Debbie. The disruption will likely spark a short-term rally in coking coal prices, given that Queensland produces more than half of the world's seaborne coking coal.

The worst affected railway is the Goonyella railway system, which is also the most extensive rail network serving the world's top coking coal district in the Bowen Basin. It connects Bowen Basin mines to the Dalrymple Bay Coal Terminal and Hay Point Coal Terminal. Access to inspect the Goonyella line remains "severely limited,” Aurizon said. The rail corridor reportedly suffered "significant landslips" that could take five weeks to fix.

Read more: http://www.afr.com/business/mining/queensland-coal-miners-facing-disruption-after-debbie-aurizon-sees-earnings-hit-20170403-gvc5qw#ixzz4dDjYYLpv