BA coal is 5500 KCal and is not sold at the NEWC benchmark.
I think it's sold at a 20% discount at the moment. Even so 80% of $129 US is $103 US or 134 AU.
BA FOB costs are $60 AU and they sold an August shipment at $90 US. BA will be making good margins for post August shipments.
SA is another story.
BA coal is 5500 KCal and is not sold at the NEWC benchmark. I...
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