bhp doubles its coal price

Coal suppliers licking their chops
Billiton gets double the price it got last year on Brazil contract

Mitch Moxley, Carrie Tait and Hollie Shaw
Financial Post, with files from wire services

December 10, 2004


The good news just keeps coming for the coal industry. It's already been an incredible year, with stock prices skyrocketing nearly as fast as the price of metallurgical coal.

Then on Wednesday, the industry got more good news when BHP Billiton Mitsubishi Alliance finalized pricing into Brazil at US$125 per tonne for high-grade coking coal.

That's a 116% difference from the US$58 per tonne price BHP settled for last year.