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.”

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