Bloomberg News

Australia Newcastle Thermal Coal Declines 1.1% to $110.28 a Ton

December 16, 2011

Dec. 16 (Bloomberg) -- Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, fell 1.1 percent in the week ended today.

Coal prices at the New South Wales port declined to $110.28 a metric ton from $111.53 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


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