The Bowen Basin contains the largest coal reserves in Australia. Prolonged heavy rainfall during the 2010-2011 wet-season severely affected industry operations with an estimated economic loss of A$5.7 billion (3.8 billion). There was no explicit warning of the exceptionally wet conditions in the seasonal forecast from the Australian Bureau of Meteorology, which simply suggested a 50-55% probability of above median rainfall for the Bowen Basin.
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Abbot et al. (2013) studied this question.
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