Bengalla Coal Sales Company joins globalCOAL
LONDON AND SINGAPORE – 1 December 2010
globalCOAL® announced today that New South Wales’ Bengalla Coal Sales Company Pty Ltd has joined the globalCOAL trading platform as a Market Member.
Bengalla Coal Sales Company is owned at 40% by Coal and Allied Industries Ltd and at 40% by Wesfarmers Ltd, both of which are listed on the Australian Stock Exchange. The Bengalla mine is located four kilometres south-west of Muswellbrook in the Hunter Valley region of New South Wales and supplies international markets with up to six million tonnes of thermal coal per annum.
“Bengalla’s addition to the globalCOAL Membership gives yet another boost to the number of participants on the trading platform involved in Australia’s Newcastle coal market,” says Patrick Markey of globalCOAL in Singapore. “This market continues to grow with over 13 million tonnes traded on the globalCOAL screen year-to-date in 2010, giving ever increasing support to the robustness of the globalCOAL NEWC Index.”
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