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Record coal price risk gaining on Australian rain

Posted on 13 October 2011

The record rains that flooded Australia and led to surging coking coal prices last year are brewing again.
The chances of above-average rainfall in parts of Northern Queensland in the rest of the year are 65 percent to 70 percent, Australia’s Bureau of Meteorology said Sept. 19. One contributor is the returning La Nina weather event that cooling ocean temperatures and stronger trade winds are indicating may return this quarter……………………………………….Full Article: Source


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