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Japanese coking coal coup

AUSTRALIAN and Canadian coal suppliers have secured a major coup with Nippon Steel Corp and its rival Japanese steelmakers agreeing to pay about 20% more for coking coal next year, the biggest rise since the early 1970s The Australian newspaper reported.

Brad Ricks
Japanese coking coal coup

A 20% increase in 2004-05 coking coal prices would boost 2004 earnings for a company like BHP Billiton, which jointly owns the world's largest coking coal exporter BMA Coal, by between 5 and 7%, Sydney-based...

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