Continental Coal signs South Africa deal with EDF Trading
By: Reuters
Published: 7th June 2010
LONDON – Australia's Continental Coal has signed a $40-million thermal coal offtake deal with EDF Trading for production from Continental's South African mines, the company said in an announcement on the ASX website.
EDF Trading is pre-paying for export coal from Continental's three mines under development in South Africa, sources close to the company said.
EDF will receive one to two cargoes per month, starting from the second half of 2010.
Copyright Creamer Media (Pty) Ltd. All rights reserved.
LONDON – Australia's Continental Coal has signed a $40-million thermal coal offtake deal with EDF Trading for production from Continental's South African mines, the company said in an announcement on the ASX website.