Mozambique Coking Coal Miner Beacon Hill to Link Pricing to Spot Index

Platts reported that Beacon Hill Resources (LSE:BHR) will sell coal at spot index-linked prices to Global Coke.

As quoted in the market news:

The updated offtake agreement stipulates that Global Coke will be able to buy up to 600,000 mt/year of coking coal from Minas Moatize Mine, for the life of the mine, linked to a spot HCC index produced by Platts.

Click here to read the full Platts report.