Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Xstrata, Chugoku Agree Thermal Coal Price at $129.80, Dow Says

April 1 (Bloomberg) -- Xstrata Plc agreed to sell Australian thermal coal to Chugoku Electric Power Co. for 12 months starting today at $129.80 a metric ton, according to a Dow Jones Newswires report published by Fox Business on its website.

Dow cited a person familiar with the matter that it didn’t identify for the pricing in its report, and gave no figure for the volumes to be supplied by Zug, Switzerland-based Xstrata, the world’s biggest exporter of coal for power stations.

Toru Umeda, a spokesman for Hiroshima, Japan-based Chugoku Electric, declined to comment. James Rickards, a spokesman for Xstrata in Sydney, didn’t immediately return a message left on his mobile phone seeking comment.

Prices for the year starting April 1 may increase to between $125 and $133 a ton, analysts from Bank of America Merrill Lynch, UOB-Kay Hian Ltd., Citigroup Inc. and National Australia Bank Ltd. told Bloomberg News in February as utilities and mining companies began talks. Japanese power companies agreed to pay Xstrata $98 a ton for the 12 months starting April 1, 2010, the company said in August.

Click here for web link

To contact the reporters on this story: James Paton in Sydney at; Tsuyoshi Inajima in Tokyo at

To contact the editor responsible for this story: Amit Prakash at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.