Bloomberg News

Australia Newcastle Thermal Coal Falls 0.3% to $120.79 a Ton

October 14, 2011

Oct. 14 (Bloomberg) -- Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, dropped 0.3 percent in the week ended today.

Coal prices at the New South Wales port declined to $120.79 a metric ton from $121.14 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: Rajesh Kumar Singh in New Delhi at rsingh133@bloomberg.net

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


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