Deals
Xstrata Says Thermal, Coking Coal Demand ‘Robust’
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Xstrata Plc, the world’s biggest exporter of energy coal, said the demand outlook for the commodity for both steelmaking and power production is “robust” because of urbanization in China and India.
Australia will be a key investment region as Xstrata seeks to boost production to tap rising consumption, Peter Freyberg, the company’s chief executive for coal, said in a speech at the Coaltrans conference in Brisbane today. A development decision on the A$6 billion ($5.3 billion) Wandoan thermal coal project in Queensland is due next year, he said.