Rio Tinto iron ore train derails in WA
NewsAn investigation has been launched following an iron ore train crash near Karratha involving a Rio Tinto autonomous train colliding with stationary wagons.
Coal prices have continued to rise strongly in both spot and term markets. Earlier this year spot coking coal prices topped US$150/t FOBT and now term business has been sealed by Xstrata with Japanese steel mills (JSM) at a price reported to be close to US$125/t FOBT.
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