Articles Tagged "BHP Billiton"

Coal Price Up 10 Percent as World’s Biggest Coal Port Remains Shut

Australia's Newcastle Port, the largest coal port in the world, has been closed since Monday due to severe storms on the east coast of the country. The price of thermal coal for delivery next month from Newcastle has gone up 10 percent, to $68 per tonne, on the back of delays expected due to the storm.

Coal Outlook 2015: Material Recovery in Pricing Still a Few Years Out

2014 hasn't been the best year for the coal market. Next year, Joe Aldina of Wood Mackenzie expects to see more high-cost supply come out of the market, but his firm isn't calling for a material recovery in coal prices for another couple of years.

India One Step Closer to Allowing Commercial Coal Mining

The Indian government moved forward with a bill to open up commercial mining in the country when the Lok Sabha passed the Coal Mines (Special Provisions) Bill, 2014. The bill includes the Coal Mine Nationalisation Act, which will allow companies to mine coal in India "in any form either for own consumption, sale or for any other purpose."

BHP Intends to Up Coking Coal Production

The Australian reported that BHP Billiton (NYSE:BHP) is intending to increase its production of coking coal by improving its productivity. The company will also look at new expansion options, according to the publication.