Sunday, 09 Oct 2011
Bloomberg reported that Power station coal prices at Australia Newcastle port an Asian benchmark dropped 1.1% in the week ended today.
According to the globalCOAL NEWC Index coal prices at the New South Wales port declined to USD 121.14 per tonne from USD 122.54 the previous week.
Xstrata Plc the world largest exporter of power-station coal, BHP Billiton Ltd and Rio Tinto Group are among mining companies that ship coal through Newcastle.
(Sourced from Bloomberg)
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