Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  Gold       XAUUSD

GOLD
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets

Floods Disrupt Australian Mining Operations

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/29/2013 | 05:25am CET

-- Aurizon forced to close rail lines after heavy rains

-- Yancoal, Anglo American report flooding

-- Disruption to transport links to hold up coal shipments

SYDNEY--Storms battered Australia's east coast, disrupting coal exports as rail links were shut due to heavy flooding.

Several coalmining companies also reported flooding at open cut mines across the region Tuesday, as resource-rich Queensland state faced the heaviest rain in two years. Severe weather warnings remained in place.

Aurizon, Australia's largest rail freight company, said it was forced to close its Blackwater and Moura rail lines, which transport coal from over a dozen mines in the state's south to the major coal exporting port of Gladstone and nearby refineries. Crews were assessing the damage and working to get the lines running again, the company added.

Two rail lines in the north of the state, Newlands and Goonyella, were reopened after ex-tropical cyclone Oswald passed through the area, heading south, Aurizon said.

One of the mining companies affected by the rail closures, Xstrata Coal, a unit of Xstrata PLC (>> Xstrata AG), said it was looking at "contingency plans." That could include finding alternative routes to get its coal to port, or stockpiling material. Coal production wasn't "materially affected" by the storm, a company spokesman said.

Emergency officials said the current storm was less severe than floods that devastated the region in 2011, causing major damage to coal operations and denting production for months.

The Port of Gladstone was working with customers on plans to restart activities after it was forced to suspend operations at the weekend, a spokeswoman said.

Yancoal Australia Ltd. (>> Yancoal Australia Ltd) said Tuesday production at its Yarrabee and Middlemount open cut mines, in the state's coal-rich Bowen Basin, was disrupted by the heavy rainfall. Output at Middlemount mine, which it operates with Peabody Energy Corp. (>> Peabody Energy Corporation), would likely be affected for at least three weeks after a levee bank was breached by flood waters, the company said. Normal operations were likely to resume at the company's Yarrabee mine this week, it added.

Also Tuesday, Anglo American PLC (>> Anglo American plc), the second largest exporter of coking coal in Australia, said output from some of its operations was disrupted by flooding, along with the road and rail closures.

"Weather conditions in Queensland are now improving which is allowing us to resume work in some areas," a spokeswoman said in an emailed statement.

Gold producer Evolution Mining Ltd. (>> Evolution Mining Ltd) said that its Mt Rawdon operations, southwest of Bundaberg, which closed Saturday due to flooding, would be limited to processing low-grade stock piles of mined raw material when the plant reopens later this week, while the company removes water from the site's open pit.

Write to Rhiannon Hoyle at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GOLD
05:21p ANGLO AMERICAN : South African gold miners' silicosis lawsuit nearing settlement..
04:30p ANGLO AMERICAN : Gold mining firms set aside 5 billion rand for South Africa sil..
07:45aDJSIBANYE GOLD : to Exchange Assets, Facilities for 38% Stake in DRDGOLD
11/21 Mexico gold mine killings jolt NAFTA talks
11/20DJGold Prices Fall as Dollar Rises
11/20DJGold Prices Fall as Dollar Rises
11/20DJGold Edges Down as Dollar Firms
11/14DJHARMONY GOLD : Employees Have Returned to Work at Kusasalethu
11/13DJHARMONY GOLD MINING : Kusasalethu Mine Workers Go on Strike
11/10 Gold investors hold their nerve as stock markets fly
More news
Chart GOLD
Duration : Period :
Gold Technical Analysis Chart | XAUUSD | 4-Traders
Technical analysis trends GOLD
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral