BHP Billiton Hay Point Coal Prices
Spot prices for coal rose after the closure BHP Billiton's (ASE:BHP) Hay Point terminal in Queensland.
Top quality coal had an offer price of $220 to $225 originally, but has been sold for between $240 to $250 a ton.
BHP declared force majeure on shipments from the Hay Point terminal after it had been damaged by cyclone ului, and has remained closed since March 11.
Hay Point is included in the venture between BHP and Mitsubishi named the BHP Mitsubishi Alliance, which is the largest producer of coking coal in the world for the seaborne market. Of the approximate 58 million tons produced annually, about 45 million tons are exported through Hay Point.
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