WHC 0.15% $6.58 whitehaven coal limited

Bowen Basin Floods Qld

  1. 7,501 Posts.
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    "The Goonyella rail network infrastructure owner, Aurizon Holdings Limited (Aurizon, ASX:AZJ), provided an update to the ASX today1 that the Goonyella network has been impacted by significant land slips, west of the town of Sarina, based on initial assessments. Aurizon stated “Further geotechnical assessment of this site will occur, however initial engineering assessment indicates recovery of the rail infrastructure will take approximately five weeks"

    This should push up the spot price of coking coal which should benefit WHC, IMO.

    MM
 
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