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Mozambique Coking Coal Miner Beacon Hill to Link Pricing to Spot Index
Nov. 30, 2011 10:36AM PST
Industrial MetalsPlatts reported that Beacon Hill Resources (LSE:BHR) will sell coal at spot index-linked prices to Global Coke.
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.
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