coal price shoot up

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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bernardho

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coal price shoot up

posted on Apr 06, 2008 05:19PM

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BHP 73.22, +2.67, +3.8%) wants a tripling in the price of coking coal that it sells under annual contract, to US$300 a metric ton from US$98/ton last Japanese fiscal year ended March 31, according to a report Monday citing unnamed Japanese sources in the Australian Financial Review newspaper.

The price rise sought exceeds the expectations of analysts who had been predicting levels in excess of US$200/ton but is below the current spot price of about US$350/ton, which has doubled this year, reflecting a tight global market, in part arising from supply disruptions from mines in central Queensland.