Seeking Alpha

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

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.
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