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    coal investing

    Anglo Coal: coal prices steady at $85 per tonne

    Written by Investing News Network
    |
    Apr. 12, 2010 02:19PM PST

    On Monday, Anglo American’s (AAL.L) South African coal unit chief executive reported that he expects the price of coal to remain strong, while exports would match last year’s despite rail constraints.

    On Monday, Anglo American’s (AAL.L) South African coal unit chief executive reported that he expects the price of coal to remain strong, while exports would match last year’s despite rail constraints.

    The press release is quoted as saying:

    He also expected the company to export around 16 million tonnes of coal, unchanged from last year, despite railing hitches to the export terminal.

    Click here to access the entire press release

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