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    coal investing

    BHP, Xstrata, Anglo Coal Operations Hit by South African Rains

    Investing News Network
    Jan. 06, 2011 11:52AM PST
    Industrial Metals

    Bloomberg.com reports that BHP (NYSE:BHP), Xstrata (LON:XTA), Anglo (PINK:AGPPY) Coal ‘s coal shipments are all being impacted by heavy rain in South Africa

    Bloomberg.com reports that BHP (NYSE:BHP), Xstrata (LON:XTA), Anglo (PINK:AGPPY) Coal ‘s coal shipments are all being impacted by heavy rain in South Africa.

    The story is quoted as saying:

    South Africa raised the flood-warning level for its central Orange River area today as water levels in places were expected to reach the highest since 1996. The country’s biggest dam, Gariepdam, is at 113 percent of “full” levels and the second- biggest, Vanderkloof, is 107 percent full, according to figures on the website of the government’s water department

    To access the full story, click here.

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