Hay Point Coal Exports Fall After Queensland Floods

Shipments from Australia’s Hay Point port, the biggest export harbor for steelmaking coal, dropped 14 percent in January from a month earlier as mines and rail networks recovered from flooding and heavy rain in Queensland.

Coal exports from the harbor’s Dalrymple Bay and Hay Point terminals reached 5.54 million metric tons, compared with 6.46 million in December, according to figures on North Queensland Bulk Ports Corp.’s website. This compares with 8.37 million in January 2010. The harbor is about 1,000 kilometers (620 miles) north of the state capital of Brisbane.