Sunday, June 17, 2007

Australian Coal Price Rises to Highest in Almost Three Years After Storm

(Bloomberg) -- The price for power-station coal at
Newcastle, Australia, the world's largest coal export port, rose
to the highest in almost three years after producers including
Rio Tinto Group cut shipments after a four-day storm.

The price of thermal coal for immediate delivery from the
port in New South Wales state increased $4.38 a metric ton to
$63.11 in the week ended June 15 from a week earlier, according
to the globalCOAL NEWC Index. The port resumed limited
operations last week and may run at near full capacity on June
20 after loadings were halted June 8.


Read more at Bloomberg Energy News

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