Original article by Peter Ker
The Australian Financial Review – Page: 1 & 11 : 5-Apr-16

The downturn in coal prices and a global oversupply is expected to result in Japan’s power companies securing a lower contract price in current negotiations with Australian thermal coal producers. The annual contract price is usually higher than the spot price, but the utilities are believed to be seeking a discount of at least 10 per cent on the previous contract price of about $US67 per tonne. RBC Capital Markets forecasts that the thermal coal price will rebound to around $US65/tonne in 2018.

CORPORATES
RBC CAPITAL MARKETS, IHS GLOBAL INSIGHT INCORPORATED, RIO TINTO LIMITED – ASX RIO, GLENCORE PLC, TOHOKU ELECTRIC POWER CORPORATION, ADANI ENTERPRISES LIMITED, ROY HILL HOLDINGS PTY LTD, AUSTRALIA. EXPORT FINANCE AND INSURANCE CORPORATION, ANGLO AMERICAN PLC, TAURUS FUNDS MANAGEMENT PTY LTD, STANMORE COAL LIMITED – ASX SMR, VALE SA, SUMITOMO CORPORATION