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Japanese Thermal Coal Negotiations May Impact New Hope’s Profitability
Mar. 20, 2012 02:22PM PST
Industrial MetalsPlatts reported that New Hope (ASX:NHC) said its profits may be negatively affected by the outcome of current Japan thermal coal contract talks.
Platts reported that New Hope (ASX:NHC) said its profits may be negatively affected by the outcome of current Japan thermal coal contract talks.
As quoted in the market news:
New Hope’s 6,050 kcal/kg net as-received, 13% ash Queensland thermal coal is similar to the specification of Newcastle thermal coal sold to Japanese customers under one-year term contracts for which prices are re-negotiated annually, said market sources.