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Mining Tradding : Coal-Price clears $67 on Japanese
Benchmark Australian spot thermal coal traded above $67 a tonne on Monday amid final negotiations between Japanese utilities and Australian producers for 2008 contracts.
Traders said prices were also prodded higher on expectations of a supply squeeze worsening in the fourth quarter following news of Australia’s Newcastle port cutting fourth quartert export allocations by at least […]
Nuke woes prompt Japan gencos to seek Chinese coal
Japanese utilities are turning to Chinese miners for additional thermal coal supplies after Tokyo Electric Power Co. 9501.T (TEPCO) sought help from six utilities to help fill an anticipated shortage from the shutdown of its quake-hit nuclear plant, industry sources said on Friday.
They said Japanese utilities such as Chubu Electric 9502.T and Tohuku Electric […]
Delays are costing Australian coal-mining companies like Xstrata and BHP Billiton.
Australian coal-mining companies may lose more than 350 million Australian dollars, or $301 million, this year because bottlenecks and storms are delaying ships outside Newcastle, the world’s largest port for coal exports.
Xstrata, the world’s biggest thermal coal exporter, estimates that miners in New South Wales’s Hunter Valley are paying about 1 million dollars a day […]
China unlikely to fill Asia coal gap from port woes
China is unlikely to speed up coal exports significantly to fill a gap created by weather-related port disruptions in Australia, with domestic prices still above Asian benchmark prices that are at three-year highs.
Industry officials and analysts said mines in the north, such as China’s top producer and exporter Shenhua Energy Co. Ltd. , were not […]
Coal rise at port in a storm
EXPORT prices for coal at Newcastle rose to their highest point in almost three years after the port halted operations because of bad weather.
The price of thermal coal for immediate delivery from the port increased $1.73 to $58.73 a tonne last week, according to the globalCOAL NEWC Index.
Coal loadings were halted on Friday as storms […]
BHP, Rio declare force majeure on coal exports
Australian coal exporters BHP Billiton and Rio Tinto have declared force majeure following severe flooding which halted ship loadings at Newcastle port and rail transport of coal, utility/traders and traders said on Monday.
Newcastle, Australia’s largest coal export facility, can handle 91 million tonnes a year.
Other coal exporters using Newcastle port, including Xstrata , are expected […]
Asia Coal-Prices climb above $54 on bullish demand
Benchmark Australian spot thermal coal prices rose above $54 a tonne, the highest level in more than three weeks, as active Asian buying was compounded by a lack of spot coal supplies.
Thermal coal, used for power generation, rose $1.37 from a week earlier to $54.66 per tonne, the globalCOAL NEWC index showed on Monday, based […]
Asian profits Coal-Full with the prices of teeth of request of Asia
The thermal coal prices of Australian spot of reference mark rebounded of a two months bottom and went up above $53 per ton, thanks to an Asian request full and a tightening with the provisioning indonésiens due to the recent floods.
The thermal coal, used for the production of electricity, rose $1.07 one week more earlier […]
Australian Newcastle Thermal Coal Prices Fell 1.8% Last Week
Export prices for power-station coal at Newcastle, Australia, the world’s largest coal-export harbor, fell 1.8 percent last week after major producers and buyers agreed contracts for 2007 supplies.
The weekly index of prices for thermal coal for immediate delivery from the port in New South Wales state slid 98 cents to $52.63 a metric ton in […]
