Discovering Canada’s Coal resources
Intersected 23 metres of Black Coal - Border property 50km north of the town of Hudson Bay, SK
Message: Coal Prices
The following is a clip from a Fording Canadian Coal Trust NR on May 8. It looks like coal settlement prices have tripled from the 2007 contract prices to 2008 prices. With oil pushing through $130, coal will go even higher.
.... Been There
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Fording Announces Settlement of 2008 Coal Year Contracts |
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| CALGARY, ALBERTA, May 8, 2008 (Marketwire via COMTEX) -- (Marketwire) |
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Fording Canadian Coal Trust (TSX:FDG.UN) (NYSE:FDG) today announced that Elk Valley Coal has completed negotiations for approximately 90% of its anticipated coal sales for the 2008 coal year. If the remainder of the 2008 contracts are settled on similar terms, the average price for the 2008 coal year (April 1, 2008 - March 31, 2009) is forecast to be approximately US$275 per tonne for all coal products, compared with an average price of US$93 for the 2007 coal year. The average coal sales price may vary from quarter to quarter due to sales mix, including the timing of PCI (Pulverized Coal Injection) and thermal coal sales ........... |
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