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Tuesday, March 13, 2012

South African Coal prices fall to lowest level in three months

Tuesday, 13 Mar 2012

Bloomberg reported that coal export prices at South Africa Richards Bay, the continent biggest terminal for shipping the fuel fell to their lowest level in three months.

According to IHS McCloskey data on Bloomberg prices declined 50 cents or 0.5% to USD 103.85 per tonne in the week ended March 9, the least since December 16.

The price is quoted on a free-on-board basis, which excludes delivery costs.

Source - Bloomberg

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