China, the world’s biggest coking coal importer, is scrambling to cover Australian supply disruptions after Cyclone Debbie knocked out mines and rails by turning to an unusual source: the US.
Debbie, which hit Australia’s Queensland state last week, caused the evacuation of several mines and damaged coal trains supplying export terminals, triggering two miners – Yancoal Australia and QCoal – to declare force majeure on its deliveries. With other miners like BHP Billiton and Glencore also affected by the storm’s fallout, more disruptions may follow.
