Coal shipments have worst August for five years
Coal shipments fell more than a fifth in the month to the end of August, recording their lowest level for that period out of the Port of Newcastle, the world’s busiest export terminal for the resource, in at least five years.
Shipments were crimped by ongoing labour shortages and production cuts at water-logged mines flooded at the beginning of the year, and were affected by a drop in demand from Japan, a major thermal coal customer.
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