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Australia Newcastle thermal coal climbs 3.7%
Friday, 27/08/2010 19:39:36 WIB
NEW DELHI: Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, climbed 3.7%, gaining for the second straight week.
The index for coal prices at the New South Wales port rose to $91.02 a metric ton in the week ended today from $87.79 the previous week, according to the globalCOAL NEWC Index.
Xstrata Plc, the world’s largest supplier of power-station coal, BHP Billiton Ltd. and Rio Tinto Group are among mining companies that ship coal through Newcastle. (wiw)