Heavy Rainfall Disrupts Australian Metallurgical Coal Supplies

Heavy rainfall in northeast Australia has triggered floods that are hampering mine operations and disrupting supplies of metallurgical coal in the region.

Some coal miners have declared force majeure on portions of their shipments or warned customers of potential delays, according to traders, who asked not to be named as they are not authorized to speak to the media. The companies include Stanmore Resources Ltd., GM3 — a joint venture between Golden Energy and Resources and M Resources Ltd. — as well as Pembroke Resources Pty Ltd. and Fitzroy Coal Sales Pty Ltd.