Jindal Steel and Power, one of the top steel makers in India, had suspended operations in Australian coking coal mine in the last month. The suspension was in the wake of heavy rains due to Cyclone Debbie. The company was forced to declare force majeure.
By this Jindal Steel becomes the sixth miner in Australia to declare force majeure, usually imposed after being hit by some natural calamities that deter coal shipments, ruining the flow of coking coal.
Company was receiving inquiries from Chinese and Japanese clients who import a major chunk from that mine.
Jindal Steel usually produces nearly 1000000 tonnes per month of coal at Wongawilli coking coal mine in New South Wales. Jindal Steel is expected to supply the coal from Mozambique mine that produces nearly 250000 tonnes a month.