Major derailment disrupts supply side of coking coal

Original article by Peter Ker
The Australian Financial Review – Page: 17 : 16-Sep-16

Shipments from the Abbot Point coal terminal in Queensland will be affected by a derailment on Aurizon Holdings’ Northern train line in the Bowen Basin. The incident will affect Glencore’s Newlands coking coal mine and BHP Billiton’s Goonyella/Riverside mine. Damage to the train line is expected to take about a week to repair, and the reduced supply could put upward pressure on the coking coal price, which has risen by 100 so far in 2016.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, GLENCORE PLC, AURIZON HOLDINGS LIMITED – ASX AZJ, AURIZON NETWORK PTY LTD, ANGLO AMERICAN COAL, QCOAL PTY LTD, SOUTH32 LIMITED – ASX S32, MITSUBISHI CORPORATION, UBS HOLDINGS PTY LTD, PACIFIC NATIONAL PTY LTD

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