Hay Point News
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Heavy rain and destructive winds are lashing the eastern coast of Australia after floods caused by ex-tropical cyclone Oswald left four people dead in Queensland state, inundated thousands of homes and disrupted coal output.
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Coal export ports on Australia’s eastern coast closed as ex-tropical cyclone Oswald dumped heavy rain on Queensland state and moved south toward New South Wales, prompting emergency services to issue flood warnings.
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Storms interrupted exports of coal used in steelmaking from ports on the northeast coast of Australia, which accounts for 53 percent of world shipments.
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Australia’s Abbot Point plans to increase its export capacity 11-fold, transforming the port into the world’s biggest coal harbor as demand for the commodity from Asia rises.
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BHP Billiton-Mitsubishi Alliance and Prime Infrastructure Group shut berths at two terminals at Australia’s Hay Point port, the world’s biggest export harbor for coal, to carry out planned maintenance.
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Australia’s Hay Point port, the world’s biggest coal export harbor, cut July shipments by 24 percent after maintenance at its terminals and the railway serving them. Weekly coal deliveries from Newcastle also fell.
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Australia’s Hay Point port, the world’s biggest export harbor for coal, may almost double its shipping capacity after the development of two terminals at the Dudgeon Point site, North Queensland Bulk Ports Corp. says.
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Coal shipments from Australia’s Hay Point port, the world’s biggest export harbor for the commodity, climbed to a record in June as the coordination of rail deliveries improved.
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BHP Billiton Mitsubishi Alliance, the world’s largest steelmaking coal exporter, will close a berth at its Hay Point port in Queensland for more than a month to install equipment at the terminal.
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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.
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