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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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Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
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Tuesday, 16 June 09
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Tuesday, 16 June 09
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Monday, 15 June 09
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Monday, 15 June 09
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China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...


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