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Newcastle Herald
Newcastle Herald
National
Ian Kirkwood

Late-year coal slump reversed as prices roar back beyond $US400 a tonne

Carrington Coal Terminal this week. Export volumes are down, but more than compensated for by a continued run of extraordinary prices. Picture by Max Mason-Hubers

TOP-QUALITY Newcastle thermal coal is again bringing more than $US400 ($578) a tonne, with analysts expecting prices to stay high this year in the face of increasing demand and environmentally restricted supply.

Despite the global political hype surrounding emissions reduction, a range of expert opinions have recently forecast continued increases in coal consumption, rather than the decreases implicit in the drive to renewable energy.

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