Australia’s Whitehaven Coal Ltd said on Thursday that coking coal prices would remain high for months as supply disruptions since Cyclone Debbie damaged train lines and interrupted exports reverberate through markets.
Whitehaven, whose mines about 1 300 km (800 miles) south of the cyclone’s path have been unaffected by the rail stoppages, also plans to boost its own coking coal sales next quarter as exporters further north grapple with stalled operations.
