The price is 26.5-28.5% higher than the $70-72/t annual contract price settled with Chubu Electric last year.
“Additional contract discussions with Japanese customers will continue in the week beginning April 5,” Xstrata said.
MARKETS
Higher thermal coal prices for Xstrata
XSTRATA has landed an annual thermal coal contract price of $US98 a tonne with a major Japanese power utility for the new Japanese financial year starting April 1.
06 April 2010
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