SYDNEY, May 10 (Reuters) - A miner in Australia's cyclone-hit Bowen Basin said on Wednesday that coal vessels would face "significantly longer" port queues when the Goonyella rail line returns to full capacity in the second half of May.
"Vessels arriving offshore in June are unlikely to load coal until July, given port queues will be significantly longer as a result of increased demand following Tropical Cyclone Debbie," Stanmore Coal Ltd (SMR) said in an operational update.
The update is latest on the timetable for Australian mines to start replenishing global supplies of the steel-making material.
Network operator Aurizon Holdings' (AZJ) four coal rail systems in the state of Queensland, which handle much of the world's seaborne coking coal, were damaged by Cyclone Debbie in March.
SYDNEY, May 10 (Reuters) - A miner in Australia's cyclone-hit...
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$2.44 |
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Mkt cap ! $2.199B | |||
| Open | High | Low | Value | Volume |
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