Fri,Oct 7, 2011
By Rajesh Kumar Singh
Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, dropped 1.1 percent in the week ended today.
Coal prices at the New South Wales port declined to $121.14 a metric ton from $122.54 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 are among mining companies that ship coal through Newcastle.
(sourced bloomberg)
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