Czech Coal Looking for Long Term Supply Deal with CEZ

Platts reported that Czech Coal wants to agree to a 40-year coal supply deal with CEZ power or purchase two of its mines.

As quoted in the market news:

In a rare interview published Thursday, Czech Coal co-owner Pavel Tykac told the Czech daily Mlada Fronta Dnes that one option for sealing a new coal supply deal with CEZ, the creation of a joint company, had failed to win support and that the near 70% state-owned power company had only been interested in sealing a five-to-seven-year, short-term coal supply agreement.

Click here to read the full Platts report.