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.
Macarthur joins quarterly party Macarthur joins quarterly party Macarthur joins quarterly party Macarthur joins quarterly party Macarthur joins quarterly party

Leighton working at the Coppabella mine in Queensland.

Angie Tomlinson

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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