Breaking News
Investing Pro 0
Cyber Monday SALE: Up to 54% OFF InvestingPro+ CLAIM OFFER

UPDATE 2-Australian coal exports disrupted as deluge shuts rails, slows port

Commodities Mar 22, 2021 16:24
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
BHP
-0.79%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NHC
-0.37%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
WHC
+1.00%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GLEN
-0.41%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
YAL
+1.73%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

* Hunter Valley rail network halts all coal deliveries

* Port of Newcastle ship movements slowed by bad weather

* Yancoal stops operations at two Hunter Valley mines

* Glencore trims output at some mines (Recasts with port disruption, adds miners' comments)

By Sonali Paul and Melanie Burton

MELBOURNE, March 22 (Reuters) - Coal deliveries to Australia's Port of Newcastle, the world's biggest coal export port, have been halted because flooding in the Hunter Valley region has shut rail lines, with heavy rains also slowing ship movements at the port.

Heavy rains along Australia's east coast over several days have caused the worst flooding in half a century, with thousands of people being forced to evacuate their homes. The downpour is expected to continue over the next few days, the weather bureau warned on Monday. Australian Rail Track Corp (ARTC), which runs the Hunter Valley Network, said on Monday rail operations were halted because of heavy rainfall, the potential for more severe flooding, strong winds, fallen trees and downed power lines and poles.

"Weather events such as these have the potential of damage to our network and increase risks to all those involved in the transport operations," an ARTC spokesman said.

The rail lines would be reopened only when water levels recede and conditions are safe, he said.

The Port of Newcastle, which last year shipped 158 million tonnes of coal, said bad weather had slowed vessel movements into and out of the port, but operations were continuing.

Newcastle Coal Infrastructure Group, which operates one of the coal terminals at the port, confirmed that coal deliveries into the port had been suspended.

The Hunter Valley rail network serves mines run by BHP Group Ltd BHP.AX , Glencore PLC GLEN.L , New Hope Corp Ltd NHC.AX , Whitehaven Coal WHC.AX , and Yancoal Australia Ltd YAL.AX , among others.

Glencore said it has reduced output at some sites as a safety precaution.

Yancoal said it has suspended operations at its Mount Thorley Warkworth and Stratford Duralie mines.

New Hope said it was experiencing only a minor disruption and was still able to get a limited amount of coal to port.

Other miners were not immediately available to comment on the impact on their operations.

UPDATE 2-Australian coal exports disrupted as deluge shuts rails, slows port
 

Related Articles

Energy & precious metals - weekly review and outlook
Energy & precious metals - weekly review and outlook By Investing.com - Nov 27, 2022

By Barani Krishnan Investing.com - When you hear it from Jim Cramer, you know enough people are talking about it. From oil-producing nations to day traders who are long crude,...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email