Coal Exports From U.S. Reach 20-Year High on Australia Floods
Investing News Network - May 23rd, 2011
Bloomberg reported that a drop in coal exports following Australia’s floods pushed up exports from the US.
Bloomberg reported that a drop in coal exports following Australia’s floods pushed up exports from the US.
The market news is quoted as saying:
Queensland Resources Council, representing miners in the Australian state, said in January 85 percent of mines were “impaired by excess water.” Further rains delayed a production recovery, RBS Morgans Ltd. said last month.