Bloomberg News

Australia Newcastle Thermal Coal Drops 0.8% to $116.94 a Ton

November 04, 2011

Nov. 4 (Bloomberg) -- Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, dropped 0.8 percent in the week ended today.

Coal prices at the New South Wales port declined to $116.94 a metric ton from $117.89 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, Sam Nagarajan

To contact the reporter on this story: Pratish Narayanan in Mumbai at pnarayanan9@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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