BHP Declares Force Majeure on Coal Shipments on Strike, Rain
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BHP Billiton Ltd., the world’s biggest coking coal exporter, said it may miss deliveries from its Australian mines after strikes and rain affected output.
BHP declared force majeure because of the strike and wet weather, said Fiona Martin, a spokeswoman for the Melbourne-based company. The clause is used when suppliers can’t meet obligations because of circumstances beyond their control.