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    coal investing

    Australia floods close more coal mines, rail line

    Investing News Network
    Jan. 12, 2011 04:12AM PST
    Industrial Metals

    Mining Weekly.com reports that continued flooding in Australia has closed more coal mines.

    Mining Weekly.com reports that continued flooding in Australia has closed more coal mines.

    The editorial is quoted as saying:

    New Hope Corp — until now untouched by the flooding that affected the operations of more than 40 coal mines further north — suspended all operations on Tuesday as the rains transformed southeastern districts into inland seas, shutting another 6 million tons of thermal coal capacity

    To access the full story, click here.

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