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Wednesday, 11 March 09
COAL EXPORTERS FEEL THE CHILL FROM ASIAN DOWNTURN -BUSINESS.SMH.COM


Business.smh.com reproted that, The demand for thermal coal - NSW's most valuable export - has begun to reduce dramatically in response to the need for less power to drive heavy industry in countries such as Taiwan, Japan and South Korea.

The spot price of thermal coal from Newcastle has plunged by 23 per cent to $US61.70 ($96.73) a tonne in the past three weeks, compared to the contract price of $US125 a tonne last year.

It is believed Xstrata and Rio Tinto have this week settled the annual benchmark contract price at $US70 a tonne with Japanese buyers, a 44 per cent fall from last year's contract price.

To read more clcik
Business.smh.com



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Thursday, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
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Thursday, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
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Thursday, 13 May 10
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China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...


Wednesday, 12 May 10
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The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year. The ...


Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...


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