Gloucester settles on coking coal price

AUSTRALIAN junior Gloucester Coal has settled its coking coal contract prices with Japanese buyers for the 2006-07 Japanese financial year at around $US83 per tonne.
Gloucester settles on coking coal price Gloucester settles on coking coal price Gloucester settles on coking coal price Gloucester settles on coking coal price Gloucester settles on coking coal price

Courtesy Gloucester Coal.

Angie Tomlinson

The new contracts will translate to about $A113 per tonne, compared to the $A130 received for 2005-06.

The company said the price showed Gloucester coking coal had maintained its relativity between hard coking and semi-soft coals by pricing between the benchmarks for those two coals.

Gloucester said its high ash thermal coal remains predominantly contracted at just under $US40 per tonne for the remainder of the half-year ending June 2006.

Gloucester was trading mid-morning at $A2.98.

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