Taipower Considers Buying Australian Coal Asset
Bloomberg reported that Taipower may invest in Australian coal to secure fuel supply.
Bloomberg reported that Taipower may invest in Australian coal to secure fuel supply.
Sydney Morning Herald reported that thermal coal prices in Australia are set to decline due to oversupply.
Platts reported that coal exports from Australia's Newcastle terminal were down for the second week in a row.
Platts reported that Australian coal producers were not significantly disrupted by recent bad weather in the region.
Reuters reported that Australian coal mines have had to be shut down due to flood risk.
Platts reported that QCoal may be considering a share equity sale.
Sydney Morning Herald reported that coal investor Nathan Tinkler's coal port expansion proposal is in direct rivalry with another proposed coal terminal.
Bloomberg reported that Newcastle thermal coal prices fell 1%.
Reuters Africa reported that Australian thermal coal prices were up on light trading.
Platts reported that most 2012 coal supply contracts between Australian producers and Japanese thermal coal consumers are settled.
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