Report: Thermal contracts above $100/t

XSTRATA and Rio Tinto have both landed year-long thermal coal contracts with Tokyo Electric Power for $US103 per tonne according to initial reports.
Report: Thermal contracts above $100/t Report: Thermal contracts above $100/t Report: Thermal contracts above $100/t Report: Thermal contracts above $100/t Report: Thermal contracts above $100/t

 

Blair Price

The contracts start this month and collectively cater to a total volume of 1.5Mt, according to two traders who spoke to Dow Jones Newswires.

The prices are more than $4 above the last Newcastle spot price provided by globalCOAL.

Neither Rio nor Xstrata have confirmed the deals, but coal companies do not always comment on their contracts.

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