Hipshot
Foxleigh mine produces high quality low- volatile pulverised coal injection (PCI) coal.
This trades for 20% discount to hard coking coal.
Hard coking coal $200/t
Minus 20% discount
PCI $160/t
PCI is used to reduce the amount of hard coking coal when producing steel.
So to answer your question, PCI has doubled in value of the last month.
If coking coal rises so will PCI
Ann: Determination under Listing Rules 11.1.2 and 11.1.3-RRP.AX, page-25
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