Mining underwriters look set to escape the bulk of losses following severe flooding at the Yallourn mine in Australia earlier this month.
The mine, 150km east of Melbourne, is significant because it supplies coal to the Yallourn power station complex, which itself supplies 8 percent of Australia's electricity needs.
The Yallourn mine and power station are owned by TRU Energy, which places a significant programme in the international market understood to be led by Ace.
Power generation at Yallourn has...
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