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The higher price covers the PCI coal from AAMC’s Foxleigh open cut mine in Queensland’s Bowen Basin, according to Platts.
But the coal miner will also reportedly deliver carryover PCI tonnage from the March quarter which was initially priced at $180/t.
The gains made in PCI coal bode well for the dominant exporter of the commodity, Macarthur Coal.
Jellinbah Resources and Westfarmers’ Curragh mine were “heard closing in on deals” around the $275/t level, according to the report.
AAMC first settled June quarter hard coking coal contracts with Japanese steelmakers at $326/t, 47% higher than the previous quarter.
These deals were reported a few days before the recent disaster in Japan.
