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Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS


Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million metric tons, the Australian newspaper reported.

The rains, as well as Chinese imports and increased global steel output, might leave the coking coal market tighter than in 2008 when prices tripled to $300 a ton, the newspaper said, citing Anglo American Metallurgical Coal chief Seamus French.

The miner is taking its first step into annual coal price negotiations to resist a push by BHP Billiton Ltd. to introduce shorter-term pricing, the newspaper reported.
Source: Bloomberg



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Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays. BDI INDEX ...


Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme. "With th ...


Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...


Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010 * Logistics woes hamper SAfrica exports, India imports India's steam coal imports ar ...


Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...


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