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Coal prices surge on NSW weather disruptions – The Australian Financial Review

Top quality thermal coal prices are above $US100 for the first time since 2018 on signs disruptions to the Hunter Valley are more extensive than first thought.

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NSW is one of the few places in the world that can produce large volumes of coal with energy content above 6000 kilocalories per kilogram and Wood Mackenzies Asia-Pacific head of coal Rory Simington said prices for that type of coal have rallied to $US105 per tonne this week.
That was the highest price since October 2018 and more than double the $US49 per tonne that was being paid for the same type of coal in August.
New Hope chief executive Reinhold Schmidt said the scale of the disruption was…

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