Rinehart’s Hancock weighs $3.3 billion iron ore mine project
Hancock acquired a 51% interest in the Mt Bevan project from Legacy Iron Ore Ltd. and Hawthorn Resources.
Remember those pictures and videos of cars and trucks bobbing down a surging river in Brisbane? It could happen again.
Business Standard reports that severe weather could be on its way to Queensland towards the end of the year:
La Niña —a weather phenomenon characterised by unusually cool sea surface temperatures, leading to heavy rains in the Pacific region such as the Queensland floods — has re-emerged but is expected to weaker than last year, metrological agencies have said, adding that the La Niña could strengthen in intensity moving into 2012.
Freak flooding in Queensland last January caused widespread disruption to coal mines and led to a worldwide spike in price.
Business Standard reports that heavy rains could also impact Indonesia, the source of over half of India’s thermal coal.
2 Comments
Rahma_putra
It’s happening in Indonesia now
Briannigelson
not only in queensland but also in the philippines