Woodmac sees coal price hikes due to Australia flooding

- January 12th, 2011

Reuters.com reports that Wood Mackenzie expects coal prices to rise sharply because of flooding in Australia

Reuters.com reports that Wood Mackenzie expects coal prices to rise sharply because of flooding in Australia.

The story is quoted as saying:

Thermal coal prices could reach or exceed the high of $197 per tonne free-on-board Newcastle seen in 2008, when flooding caused price spikes, according to Wood Mackenzie

To access the full story, click here.

Get the latest Coal Investing stock information

Get the latest information about companies associated with Coal Investing Delivered directly to your inbox.

Coal Investing

Tags

Tags:

Leave a Reply