A Triple for COKING COAL Prices ?

Australian mining GIANT BHP Billiton (BHP) is reportedly telling customers that the Price of COKING COAL has TRIPLED from 2007's price of $98/metric ton to $300 a metric ton in 2008!

COKING COAL is a fuel used together with iron ore by blast furnaces to produce steel.

Other companies that could benefit from an increase in the cost of coking coal include Rio Tinto (RTP), Xstrata and Anglo Coal.

http://www.marketwatch.com/news/story/bhp-billiton-reportedly-wants-triple/story.aspx?guid=%7B535EBC32%2D535D%2D46A6%2DB2C4%2D85E4F30218F0%7D

Data Courtesy: Marketwatch.com, snagged on 4/06/08.