Mines Close, Ships Flee as Australia Braces for Impact of Tropical Cyclone

Bloomberg.com reports that the impending cyclone in Australia is threatening the mining industry.

The story is quoted as saying:

Queensland Nickel Pty, a company controlled by billionaire Clive Palmer, yesterday closed its Yabulu refinery. The plant has an annual production capacity of 30,000 tons of nickel and 2,000 tons of cobalt. Resolute Mining Ltd. today shut its Ravenswood gold mine, 95 kilometers southwest of Townsville.

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