Rain in Queensland may delay coal exports
Heavy rain in Queensland may cause ``sporadic delays'' to coal exports in the coming months, which will result in congestion at ports on Australia's east coast, Commodore Research & Consultancy said.
Coal imports may fall this fiscal due to high global prices triggered by the floods in Australia, the coal minister Sriprakash Jaiswal said on Thursday, which could impact power generation and earnings of steel, power and cement firms.