World’s biggest coking coal exporter BHP Billiton Ltd lifted a force majeure on its Queensland, Australia, coal operation as it recovers from work halts.

HPB said “In July 2012, force majeure was lifted across all BMA sites. In addition, BMA and the unions reached a framework agreement that should guide the finalisation of the BMA Enterprise Agreement. Further work is underway to finalise local mine site details.”

The mines, part of the BHP Billiton Mitsubishi Alliance, issued the declaration April 2 after battling seasonal flooding and rolling strikes.

Source - SRI

(www.coalguru.com)