Bloomberg News

Australia Newcastle Thermal Coal Declines 1% to $114.30 a Ton

January 06, 2012

Jan. 6 (Bloomberg) -- Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, fell 1 percent in the week ended today.

Coal prices at the New South Wales port decreased to $114.30 a metric ton from $115.47 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, Cherian Thomas

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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