Coal exports from Australia's Newcastle port increase

Tuesday, 20 May 2014 17:50:49 (GMT+3)   |   Istanbul
In the week ended May 19, coal shipments from the Port of Newcastle in Queensland, the coal producing state of Australia, totaled 3.45 million mt, according to Newcastle Port Corporation. The figure constitutes an increase of 39.24 percent compared to the previous week ended May 12, in which a week-on-week decrease of 11.23 percent in coal shipments had been observed.
                        
In the May 1-19 period, Newcastle port exported 7.29 million mt of thermal and coking coal. The port authority has forecast that Newcastle port will ship a total of 13.35 million mt in the whole of May. 
 
Anglo American, Peabody Energy, Rio Tinto and Xstrata are some of the larger exporters to ship coal from Newcastle port.

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