Coal Exports From U.S. Reach 20-Year High on Australia Floods

- 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.

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