Continental Coal signs S.Africa deal with EDF Trading
Investing News Network - June 8th, 2010
Australia’s Continental Coal (CCC.AX) has signed a $40 million thermal coal offtake deal with EDF Trading (EDF.PA) for production from Continental’s South African mines.
Australia’s Continental Coal (CCC.AX) has signed a $40 million thermal coal offtake deal with EDF Trading (EDF.PA) for production from Continental’s South African mines.
The press release is quoted as saying:
EDF Trading is pre-paying for export coal from Continental’s three mines under development in South Africa. EDF will receive one to two cargoes per month, starting from the second half of 2010.