Global coal miner Glencore and Japanese power utility Tohoku Electric have entered into a long-term contract for supplies of thermal coal from Australia at a record high price of $395/mt FOB, basis 6,322 kcal/kg GAR for delivery between October 2022-September 2023, market sources aware of the development told S&P Global Commodity Insights Oct. 11. While Glencore declined to comment, queries…
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