Tuesday 14 March 2017 by FIIG Research Company research

NCIG Holdings research report now available to wholesale clients

We provide a 2017 research report for NCIG Holdings Pty Ltd (NCIGH), available to wholesale clients


NCIGH, the holding company of NCIG, is owned by six coal mining companies (shareholders). NCIG holds the long term lease on the NCIG coal export terminal at the Port of Newcastle.

NCIG was formed in 2004 by four coal producers in the NSW coalfields, which won the right to build and operate a new terminal at Newcastle in August 2005. The terminal has been developed in stages and currently has a nameplate capacity of 66 metric tonnes per annum.

Research report teaser

Coal market outlook

We believe thermal coal prices are unlikely to revert to the low levels experienced during late 2015 to the first half of 2016. The increase in benchmark thermal coal prices over the first half of the fourth quarter in 2016 – rising to near five year highs compared to the lows at the end of 2015 and beginning 2016 – provided relief to coal producers.

Newcastle thermal coal spot price history

Figure 3
Source: Index Mundi

The full NCIG research report is available to wholesale investors only and can be accessed here.*

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