| The surprise surge in coal prices should provide an unexpected profit boost for the world's biggest mining companies as they navigate a commodity downturn that sapped earnings.
Gains for coking coal, used with iron ore to make steel, accelerated in recent weeks and benchmark prices from top producer Australia jumped 9.5 per cent on Thursday, the most since at least 2013. At current prices, that would add almost $US5 billion ($A6.6 billion) to BHP Billiton's underlying earnings before interest, tax, depreciation and amortisation in the year ending June 30, according to Liberum Capital...............................................Full Article: Source
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