Friday, 27 May 2011
Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, declined 1.6% in the week ended May 20th 2011. Coal prices at the New South Wales port fell to AUD 116.80 a tonne from AUD 118.74 the previous week.
Xstrata Plc the world’s largest exporter of power station coal, BHP Billiton Ltd. and Rio Tinto Group are among mining companies that ship coal through Newcastle. (sourced Bloomberg)
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