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Australia Newcastle Thermal Coal Climbs 5.2% to $111.24 a Ton

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Dec. 3 (Bloomberg) -- Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, rose 5.2 percent.

Coal prices at the New South Wales port climbed to $111.24 a metric ton in the week ended today from $105.77 the previous week, according to the globalCOAL NEWC Index.

Xstrata Plc, the world’s largest exporter of power-station coal, BHP Billiton Ltd. and Rio Tinto Group are among mining companies that ship coal through Newcastle.

To contact the reporter on this story: Rajesh Kumar Singh in New Delhi at rsingh133@bloomberg.net.

To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net.

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