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Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81


Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week ended May 15.

The index for power-station coal prices at the New South Wales port declined $5.94 to $70.81 in the week to today, 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.

Source: Bloomberg (http://www.bloomberg.com/apps/news?pid=20601081&sid=a4lsJUwduxlA)



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