Railway mishap likely to cost Australian miner $40 million per day

11/7/2018 4:58:00 AM

Source: Business Insurance

A recent railway derailment could ultimately cost Australian miner BHP Billiton Group $55 million Australia ($40 million) per day due to lost production revenue, Perth Now reported citing sources. BHP derailed a runaway, fully-laden iron ore train on Nov. 5, which damaged 1.5km of track. BHP said that it would take a week to clear the track and resume rail operations and the company would draw on stockpiles of ore at Port Hedland to maintain shipping operations.