... The sharp rise in the global spot price of coal highlights the folly of India planning to use imported coal for part of its future power generation. Spot coal prices have shot up to $140 per tonne in Australia and $123 per tonne in South Africa. Therefore, long-term contracts between Japanese utilities and Australian producers will probably be signed at $110 per tonne next year against just $55.6 last year....
Monday, February 25, 2008
Global coal prices zoom
