The prices for coal and iron ore from the bottom
Prices for iron ore and coal, have reached record peaks last year amid a sharp increase in global demand to fall by 2006
Australia, the world#39;s largest coal exporter and one of the two largest exporters of iron ore plans to expand the network of railways and ports in the Gulf of Gladstone and Darlimpl. Traffic congestion delay the sale of mining companies such as BHP Billiton and Rio Tinto.
World prices for thermal coal used in power plants to produce electricity, rose after China cut its exports to meet their own needs. China#39;s steel industry, the largest in the world, helped dorozhaniyu iron ore buying most of the supply of raw materials to the needs of their plants.
Nick Hatch, an analyst at London-based Investec predicts a fall in the price of iron ore supply from next April by 10%. He previously predicted 5% decline. He expects that in 2006 the price from $ 50 down to 46.25 cents, according to Business Report.
