I think they got hit with flooding back in March, only to experience this again. And the rivers have not even crested yet, some guy on CNN this morning said it will be three days when they finally crest. YIKES! And the electric companies there are turning off electricity to homes and businesses due to safety reasons.
http://www.businessweek.com/news/2010-12-30/queensland-floods-hit-mines-crops-may-cost-billions.html
Queensland Floods Hit Mines, Crops, May Cost Billions
Dec. 30 (Bloomberg) -- Heavy rain and flooding that’s swept across the Australian state of Queensland may cost billions of dollars after crops were destroyed and output from coal mines was disrupted, Premier Anna Bligh said.
“It’s without precedent in our recorded history, with so many places in so many diverse parts of the state each affected so critically at once,” Bligh said today, according to an e- mailed transcript. “I expect that we’ll still be managing some of this until the end of January. This is a disaster that is going to run into the billions of dollars.”
Comments
In reuters too.