Australian Floods Cause Drought in the Coal Market

By Marin Katusa, Casey’s Energy Report The most important metallurgical coal basin in the world is underwater. Open pits have become lakes, stockpiles are soaked, and rail lines are submerged and in places destroyed. Damage is estimated at $5 to $6 billion. Australia accounts for almost two-thirds of global coking coal production. Much of it […]

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