Subscribe to our free daily newsletters
  Energy News  

Subscribe to our free daily newsletters

Australia's flood-hit Gladstone port to resume coal exports

by Staff Writers
Sydney (AFP) Jan 14, 2011
Australia's massive Gladstone port terminal will resume exports on Saturday after operations were halted for two weeks by the devastating floods in Queensland, port authorities said Friday.

Gladstone Ports Corporation, which runs the fourth largest coal export terminal in the world, said one of the two rail lines servicing the facility 525 kilometres (326 miles) north of Brisbane had been reopened.

"This will enable the port to recommence shiploading on Saturday," corporation chief executive Leo Zussino said.

He said eight ships were anchored off the port ready for exports.

Zussino said work was continuing to restore the second rail line and Queensland Rail was confident it would reopen on January 21.

Gladstone normally exports 1.3 million tonnes of coal a week from Queensland's mines, which supply half the world's coking coal used for steel manufacture.

Analysts have warned the flood disaster is likely to push up the price of coal, with knock-on effects for steel manufacturing and industries with steel-intensive facilities such the oil refining and petrochemical industries.

Coking coal from Queensland was last week quoted at 253 US dollars a tonne, up from less than 200 US six months ago.

Flooding in Queensland in 2008 saw the state's coking coal price peak at 305 US dollars and analysts expect the disruption to supply caused by the latest disaster will be be significantly greater.

Share This Article With Planet Earth DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook

Related Links
Powering The World in the 21st Century at

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Australian floods may send coal prices soaring
New York (AFP) Jan 5, 2011
Epic floods sweeping Australia could seriously limit the world's coal supplies, driving up prices and raising inflationary pressures throughout the global economy. The huge northeastern state of Queensland, now largely under water, provides half the world's needs for coking coal used in the steel-making industry. "It could take several weeks to reopen mines which have been physically flo ... read more

Texan builds artful, green homes out of trash

Poll: Americans not as green

Security industry priority becomes law

Bjork's karaoke marathon boosts anti-takeover petition count

Australia's flood-hit Gladstone port to resume coal exports

Brazil mulls underwater base to guard oil

China gives DRCongo 52-mln-dlr donation

Wave Power Could Contain Fusion Plasma

China first in wind power capacity

Siemens, Dong, test new offshore turbines

Egypt to invite tenders for wind farms

Keenan 2 Wind Farm Commences Commercial Operation

Debunking Solar Energy Efficiency Measurements

German solar sector fears subsidy cap

China National BlueStar to buy Norway's Elkem for $2.0 bn

Chinese silicon group aims to buy Norway's Elkem

Top US lawmaker targets civil nuclear pacts

Italy court opens way for nuclear power referendum

School boycott over Indian nuclear station: report

Japan, Iraq talk nuclear energy: minister

Study Estimates Land Available For Biofuel Crops

Pratt And Whitney Military Engines Power Biofuel Tests For USAF

Global biofuel land area estimated

Biofuel Grasslands Better For Birds Than Ethanol Staple Corn

China Builds Theme Park In Spaceport

Tiangong Space Station Plans Progessing

China-Made Satellite Keeps Remote Areas In Venezuela Connected

Optis Software To Optimize Chinese Satellite Design

Swapping Carbon Emissions Rather Than Trading Them

Time For Climate Change

Climate Change To Continue To Year 3000 In Best Case Scenarios

China says faces tough fight against desertification

The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement