A strong cyclone thrashed flood-ravaged Queensland, Australia, this week, but another storm is about to hit the highly populated north coast - and it is much bigger.

Forecasters say Cyclone Yasi could reach 149 miles per hour, according to the Sydney Morning Herald. Many are concerned that Yasi could mean setbacks for the coal-mining sector of the region, which was socked by recent massive flooding, the paper reports.

Yasi is expected hit overnight Wednesday, according to The Australian, and will come ashore between Innisfail and Proserpine, directly hitting Queensland's capital, Townsville.

Yasi follows Cyclone Anthony, which hit this week with winds reaching 80 miles an hour, according to the Courier-Mail. The newspaper also had extensive coverage of the recent flooding, which affected 3 million people in one of the country's most costly disasters. Last week, Australian Prime Minister Julia Gillard proposed a tax to help cover flood damage, estimated at $5.6 billion.