Flood Affects Delivery of Queensland Coal

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Besides destroying homes and placing lives of residents at risk, the flood water that has inundated New South Wales and Queensland is also threatening the two states' major source of income - coal.

Reports said the worsening flood crisis will cause BHP Billiton ( BHP ) to lose production from its large network of coking coalmines in the Bowen Basin following heavy damage on roads and other infrastructures. BHP is Queensland's largest coal producer.

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This article appears in: Investing , Commodities

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