SYDNEY—A crippling drought in eastern Australia is threatening production of commodities from coal to gold, sparking a scramble by companies for water to keep their operations going.
The affected mines and processing operations are in arid regions a hundred or more miles inland of most of the areas hit by unprecedented bush fires. The severe drought conditions are expected to persist despite rain falling or forecast in the region in coming days.
Eastern Australia is a major supplier of metals and minerals to global markets, with more coal leaving its ports for customers in Asia than anywhere else in the world. Continue Reading →