Riversdale says prefers longer-term coal price

Reuters.com reports that Riversdale Mining (ASX:RIV) is electing to negotiate longer-term coking and thermal coal pricing deals with its customers.

The story is quoted as saying:

“We aren’t going to be entering into quarterly pricing,” Mallyon told Reuters. “We want to enter into long-term arrangements, we feel that is the most appropriate way for us to do business.”

To access the full story, click here.

coal investing

The Conversation (2)

Nathan Foote

24 Apr, 2012

SILVER will be the new currency! If not in the U.S., then first in other nations (first to do it wins), and then as their "money" is highly sought after, becomes valued, will be the template for the rest of the world. We'll be using paper in the bathroom only. BUY SILVER NOW...crush the banks! Dump all paper assets now. God bless America!