sa coal prices rise for 2nd week

South African Coal Export Prices Rise for Second Straight Week
December 12, 2011, 5:14 AM EST


Dec. 12 (Bloomberg) -- Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, rose for the second week.

Prices increased 66 cents, or 0.6 percent, last week to an average $103.18 a metric ton, following a 0.2 percent gain in the week ended Dec. 2, according to data on Bloomberg from researcher IHS McCloskey. The price is quoted on a free-on-board basis, excluding delivery costs.

--Editors: Alessandro Vitelli, Rob Verdonck.



To contact the editor responsible for this story: Stephen Voss at [email protected]