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In another coup, the company also confirmed a six-year contract for delivery of 2.8 million tonnes to South Korean steel producer POSCO, following the successful trial shipments of LV-PCI coal in the first quarter of calendar 2005.
WCCC’s Burnt River LV-PCI coal is exported through Ridley Terminals at Prince Rupert to major steel mills in north Asia including POSCO, Baosteel of China, China Steel of Taiwan and four major Japanese steel mills.
The company is also exporting coal to Europe and is expanding its market development activities in both the Asian and Atlantic regions to meet growing demand for both LV-PCI and hard coking coal.
Based on approval of increased production at WCCC’s Dillon mine, the company will produce about 800,000t of LV-PCI coal for the fiscal year ending March 31 2006.
WCCC is also working towards applications for an Environmental Assessment Certificate and mine permit on its proposed Brule Mine.
