Original article by Peter Ker
The Australian Financial Review – Page: 13 & 16 : 14-Dec-16

The contract price for premium hard coking coal has been settled at $US285 per tonne for the March 2017 quarter, compared with a contract price of $US200 per tonne in the final quarter of 2016. There has been a sharp rise in the price of coking coal in 2016, and the contract price was below $US81 per tonne in the March quarter. Meanwhile, Marian Hookham of IHS Markit says producers of pulverised coal injection (PCI) coal hope to secure a contract price of about $US190 per tonne for the first quarter of 2017.

CORPORATES
IHS MARKIT, GLENCORE PLC, NIPPON STEEL AND SUMITOMO METAL CORPORATION, BHP BILLITON LIMITED – ASX BHP, MITSUBISHI CORPORATION, ANGLO AMERICAN PLC, TECK CORPORATION