Australia Newcastle Thermal Coal Falls 0.7% to $122.54 a Ton

Sept. 30 (Bloomberg) -- Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, dropped 0.7 percent in the week ended today.

Coal prices at the New South Wales port declined to $122.54 a metric ton from $123.42 the previous week, according to the globalCOAL NEWC Index.

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.

--Editors: John Chacko, Abhay Singh

To contact the reporter on this story: Rakteem Katakey in New Delhi at rkatakey@bloomberg.net

To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net