Fri, Apr 29, 2011 6:22 PM GMT+0530
By Pratish Narayanan
Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, increased 0.7 percent in the week ended today.
Coal prices at the New South Wales port rose to $122.27 a metric ton from $121.48 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. (By Bloomberg)
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