BHP Billiton (BHP) and Xstrata (XSRAF.PK) could be the major beneficiaries as floods in...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor

BHP Billiton (BHP) and Xstrata (XSRAF.PK) could be the major beneficiaries as floods in Australia push the price of coking coal up by 30%. BHP has been attempting to shift coal pricing away from annual and towards monthly contacts, an effort sure to continue after these events.