Australia Newcastle Thermal Coal Rises 1.7% to $116.19 a Ton
By Rakteem Katakey -
2012-01-13T12:38:03Z
Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, rose 1.7 percent in the week ended today.
Coal prices at the New South Wales port climbed to $116.19 a metric ton from $114.30 the previous week, according to the globalCOAL NEWC Index.
Xstrata Plc (XTA), the world’s largest exporter of power-station coal, BHP Billiton Ltd. (BHP) and Rio Tinto Group (RIO) are among mining companies that ship coal through Newcastle.
To contact the reporter on this story: Rakteem Katakey in New Delhi at rkatakey@bloomberg.net
To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net
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