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Jindal Steel and Power declares force majeure on Australian mine

LiveMint logoLiveMint 06-04-2017 Manolo Serapio Jr

Manila/ New Delhi: Jindal Steel and Power suspended operations at its coking coal mine in Australia last month due to heavy rains caused by cyclone Debbie, forcing it to declare force majeure, its CEO said on Thursday.

“We will resume our mining in 14 days,” Ravi Uppal told Reuters by phone.

Uppal said the company was receiving inquiries from Chinese and Japanese clients to whom they sell part of the output from its Wongawilli coking coal mine in New South Wales.

Top coking coal shipper BHP Billiton and Glencore were among miners who declared force majeure on shipments from Australia’s Queensland state after landslides caused by Debbie hit a critical mountain pass on the railway connecting the world’s single biggest source of coking coal to ports. Reuters

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