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Derailment closes Australian fertilizer and copper line

From argusmedia.com

Australia's Mount Isa rail line remains shut after three locomotives and a wagon carrying zinc and copper derailed on 5 December. Repairs are underway and all freight is being held until further notice, Australian rail operator Queensland Rail told Argus on 8 December. The derailed freight was carrying zinc and copper from Glencore's operations in Mount Isa and there was no major spillage, Glencore said. The last closure of the railway was caused by torrential rains in February and lasted for 11 days. The railway runs around 900km east to Townsville from Mount Isa transporting mainly fertilizer, concentrates and ... (full story)

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  • Category: Fundamental Analysis