Coal exports at Australia’s Newcastle port, the world’s leading coal export terminal, jumped to a seven-month high in the latest week, as a backlog of shipments were sent following improved output at the mines. For full story, click here
RBC Capital Markets declared that the report of cancellation by a Chinese purchaser of an Australian coal cargo during shipment may not signal a slump in demand from power plant operators in the Asian nation. For full story, click here
Banpu BANP.BK, Thailand’s leading coal miner, plans to raise coal shipments to China by about 30 percent to 2 million tonnes in 2009. Hartono Widjaja, senior vice president of Marketing China & North Asia, stated: China’s coal import spree is likely to continue at least through this year. For full story, click here
Nippon SteelCorp the world’s second-largest maker of the metal, is asking mining companies to cancel some deliveries of iron ore and coking coal as it reduces production, two people familiar with the requests said. For full story, click here
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