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.
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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