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Coal companies rise on hopes for tighter supply after BHP says it will halt coal production at...
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Monday, September 10, 2012, 12:58 PM ETCoal companies rise on hopes for tighter supply after BHP says it will halt coal production at its Gregory mine in Australia and Xstrata restructures its coal operations. "The market's responding to the idea that the supply side is going to start to be rationalized, which is going to stabilize pricing for coking coal," a Normura analyst says. ANR +3.3%, ACI +3.4%, JRCC +5.4%.
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