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Australia Newcastle Thermal Coal Rises 2.3% to $112.85 a Ton

Dec. 23 (Bloomberg) -- Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, rose 2.3 percent in the week ended today.

Coal prices at the New South Wales port increased to $112.85 a metric ton from $110.28 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: 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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