BUZZ-Australian coal miners gain, tracking commodity prices higher

Reuters03-13
BUZZ-Australian coal miners gain, tracking commodity prices higher

** Australian coal miners rise, tracking gains in underlying commodity prices; broader benchmark .AXJO trades unchanged

** Most active China coking coal contract .DJMcv1 gains more than 3%

** Coal, a steelmaking ingredient, climbs in tandem with iron ore prices on supply fears IRONORE/

** Yancoal Australia YAL.AX jumps as much as 7.3% to A$8.27, nearly 9-year high; set for third straight day of gains

** Stock among top AXJO gainers

** Whitehaven Coal WHC.AX up as much as 2.3% to A$9.5, highest since February 5

** New Hope NHC.AX adds as much as 2.9% to A$5.41, highest since January 31, 2024

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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