Daily Chinese Herald reported that Australian coal producer Xstrata will sell steam coal to Japan based Tokyo Electric Power Company at USD 127.5 per tonne FOB from October. This price is up 24% over the price in 2010.

Australia, one of the most important coal producers and exporters in the world, exports about 200 million tonne to 250 million tonne of high quality coal to the international market per year.

(Sourced from Steelorbis.com)