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List: Coal Miners Impacted by Queensland Floods (Australia)

January 12, 2011

Since the end of December, a number of coal miners representing a significant chunk of Australia’s coal exports have announced force majeure at their facilities due to floods in Queensland. 

The implication is substantial reduction or total cessation of production at these sites, or  an inability to transport product due to affected freight infrastructure. 

Rail freight lines to the Blackwater area, and to the west of Brisbane, have ceased due to track indundation or structural damage.

The reduction in thermal and coking coal exports has already driven global contract prices higher.  Australian energy exports are instrumental for Asian steel production and power generation.  Australian export disruptions in a tight coal market therefore represent an economic and energy security issue. 

The following list of companies and mines which have been reported to be adversely impacted is not exhaustive:

Macarthur Coal (MCC): Coppabella, Moorvale mines.  Bowen Basin.

BHP Billiton (BHP): Bowen Basin. (including Joint Venture with Mitsubishi Development Pty Ltd)

Peabody Energy (BTU):  Burton

Anglo American (AAL): Callide, Dawson, Foxleigh, German Creek, Moranbah North

Rio Tinto Ltd (RIO):  Hail Creek, Kestrel, Blair Athol, Clermont.  (Bowen Basin)

Cockatoo Coal Ltd (COK):  Balalaba (Bowen Basin)

Wesfarmers Ltd (WES): Curragh

Xstrata Coal (XTA):  Collinsville, Newlands, Oaky Creek 

Felix Resources (acquired by Yanzhou/Yancoal)

Ensham Resources (85% Idemitsu Australia Resources – IAR):  Ensham

New Hope Corporation (NHC):  shipments halted from all sites

Aquila (AQA)/Vale:  Isaac Plains JV

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