Thursday, May 6, 2010

Xstrata To Get More For Its Australian Coal

Prices up by up to 114 per cent



Coal miner Xstrata says it has settled most of its annual Asian thermal coal contracts in at a price level some 38 per cent higher than it achieved last year.

Quarterly semi-soft coking coal prices have risen 114 per cent and the company says its production of coking coal in Australia has risen 83 per cent.

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