Newcastle Coal Price Rises as Heavy Rainfall Disrupts Output in Indonesia

(Bloomberg) -- The price of power-station coal at
Australia's Newcastle port rose 5 percent last week on concern
Asian customers will need to buy in the spot market after heavy
rain led some Indonesian to warn they will miss deliveries.

Coal for immediate delivery at the world's largest export
harbor for the fuel, increased $3.27 to $70.08 a metric ton in
the week ended Aug. 3, according to the globalCOAL NEWC Index.
That's near the record level of $70.88 reached in June. Banpu Pcl
and Straits Asia Resources Ltd. both announced last week they
will miss contracted shipments after declaring force majeure
because of excessive rain.


Read more at Bloomberg Commodities News

UPDATE 1-RLPC-Magnum Coal pulls $350 mln bond sale -sources

(Reuters) - Lehman Brothers was the lead manager for the seven-year,
second-lien secured notes.




Magnum Coal is rated "B3" by Moody's Investors Service and
"B-minus" by Standard & Poor's, the sixth highest junk rating.


Read more at Reuters.com Bonds News

Newcastle Coal Prices Climb to Two-Year High as China's Demand Increases

(Bloomberg) -- Price of coal at Newcastle, Australia,
the world's largest export terminal for the fuel, rose to the
highest in more than 2 years as demand from China increased.

The price of coal for immediate delivery from the Australian
port rose to $57 a metric ton for the week ended June 1 from
$56.35 ton a week earlier, according to the globalCoal NEWC Index.
China's coal imports in the first four months surged 50 percent
to 19 million tons, while exports slumped 29 percent to 15.87
million tons, according to customs figures released May 25.


Read more at Bloomberg Energy News