Monday, 08 Mar 2010

BHP Billiton announced that it has reached terms for a significant portion of its hard coking coal volumes for 2010, based on a structural change to shorter term market based pricing for the contract period.

The company has reached agreement with a range of customers throughout Europe, China, India and Japan.

It said “These settlements reflect the company’s commitment to achieving market clearing prices over time across all its bulk commodities.”