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Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE


Reuters
reported that,  New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the current Japanese fiscal year through to March 2010.

The company said there had been some production issues at the mine and the first shipment would leave for Japan about mid-November 2009.

Pike River said that the price met its expectations, and prices should rise in the following year based on increased demand from China.

Shares in Pike River coal last traded flat at NZ$1.14
Source: Reuters



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