30th Oct 2014 16:38
LONDON (Alliance News) - New World Resources PLC Thursday said it has reached agreements with its customers for coking coal prices for the fourth quarter of 2014, at a 4% increase on the third quarter.
The hard coal and coke producer said the average agreed price for coking coal deliveries in the fourth quarter is EUR85 per tonne, a 4% increase compared to the third quarters realised price of EUR82 a tonne.
"This average coking coal price is based on the expectation that coking coal sales for the fourth quarter of 2014 will be split approximately 37% hard coking coal, 47% semi-soft coking coal and 16% PCI coking coal," the company said in a statement.
It said that sales of thermal coal production have been agreed at an average price of EUR 54 per tonne for the full year 2014.
Shares in New World Resources closed 0.8% lower Thursday at 1.25 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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