MARKETS

Coking coal prices continue to hold up

WESFARMERS Resources' Curragh mine has struck a hard coking coal price of $US310 per tonne free-o...

Blair Price
Coking coal prices continue to hold up

The hard coking coal price is about 5.5% below the June quarter deal of $328/t from the Curragh mine.

This new contract is also $5/t lower than the benchmark of $315/t Anglo American Metallurgical Coal struck with Asian steel mills for this quarter according to various reports.

Wesfarmers Resources managing director Stewart Butel said the company was satisfied with the result and about 60% of sales for the September quarter will be at the new contract prices.

“Curragh metallurgical coal sales volume is forecast to be within the range of 6.8 to 7.2 million tonnes for the 2012 financial year, subject to no significant wet weather and satisfactory rail and port operations,” he said.

All of the metallurgical coal from the Curragh mine in Queensland, which also includes semi-hard coking and pulverised coal injection coal, is contracted under a quarterly pricing regime.

Hard coking coal prices peaked at around $330/t in the June quarter due to the impact of Queensland’s devastating wet season.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets