There has been mixed news in the Australian coal industry, as some miners like Xstrata Plc (OTC:XSRAY) and Anglo American (OTC:AAUKY) have been hit hard by the heave rains, while others like Cloud Peak Energy (NYSE:CLD) have managed to increase production during that time.
A lot of data has yet to be reported, so there's a lot yet that needs to come in and be analyzed before the full story and impact is known.
Xstrata has experienced the worst of it so far, have declared force majeure since September 30, 2010 for some of its customers. They also halted shipments of coal from the lower production levels.
Cloud Peak Energy on the other hand has had production increase quarter over quarter by 5 percent, although that represents results from only two of the four mines affected.
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