Peabody Looks to Increase Coal Exports from Australia
Reuters Africa reported that production of coal at Peabody's (NYSE:BTU) Australian coal mines is forecast to rise.
Reuters Africa reported that production of coal at Peabody's (NYSE:BTU) Australian coal mines is forecast to rise.
Reuters reported that Newcastle thermal coal prices changed very little despite wet weather.
Bloomberg reported that Anglo American (LSE:AAL) approved the development of the Australia-based Grosvenor Coal Project.
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth.
Bloomberg reported that a new coal export terminal has been proposed for Newcastle, Australia.
Platts reported that thermal coal prices at Newcastle continue to decline on weak Chinese demand.
Platts reported that Whitehaven Coal (ASX:WHC) will have additional capacity at Australia's Newcastle terminal in 2015.
Bloomberg reported that North America's coal exports to South Korea are now higher than Australia's.
Reuters reported that prices for Australian thermal coal fell on lower demand.
Platts reported that slow demand from China pushed spot coal prices at the Newcastle terminal down.
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