COMPANY ACTIVITY

Macarthur joins quarterly party

ON the back of BHP Billiton reportedly settling low volatile pulverised coal injection coal at 20% higher, Macarthur Coal has also started settlements for its PCI coal for the 2011 Japanese financial year and will move to a shorter-term pricing structure.

Angie Tomlinson
Macarthur joins quarterly party

Macarthur said on Thursday that settlements had resulted in shorter-term pricing structures, including quarterly and six-monthly pricing, and were in line with market settlements.

BHP was believed to have locked in its PCI contracts on a quarterly basis at $US170-180.

Macarthur produced PCI coal from its Coppabella and Moorvale operations in Queensland.

Macarthur closed up 2.5% at $A12.30.

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