Cyclone Debbie Sweeps through Queensland

Cyclone Debbie struck Queensland at the end of March and rail provider Aurizon confirmed none of the four railways serving regional coal mines were in full operation while two of them were entirely out of action. The disruption will likely spark a short-term rally in coking coal prices given that Queensland produces more than half of the world’s seaborne coking coal. The worst affected railway is the Goonyella railway system, which is also the most extensive rail network serving the world’s top coking coal district in the Bowen Basin. It connects Bowen Basin mines to the Dalrymple Bay Coal Terminal and Hay Point Coal Terminal. While access to inspect the Goonyella line remains “severely limited,” Aurizon said the rail corridor had suffered “significant landslips” which could take five weeks to fix.

As featured in Womp 2017 Vol 04 -