FIRST EXPORT COAL SALES TO EDF TRADING COMPLETED AT OVER US$100/TONNES
Emerging mid-tier and South African focussed export coal producer Continental Coal Limited (ASX: CCC) ("Continental" or the ?Company?) is pleased to announce that the Company?s South African subsidiary Continental Coal Limited (?CCL?) has completed its first sale of export thermal coal to EDF Trading under its Coal Sales Agreement.
Under the Coal Sales Agreement, CCL received the quoted benchmark API-4 price of US$100.44/tonne on delivery of the first train of coal to Richards Bay Coal Terminal from its Ferreira Open Cut Mine.
Further sales to EDF Trading from the Ferreira Open Cut Mine are scheduled early next week, with the next train to be loaded this weekend from the 1.2Mtpa rail siding located adjacent to the Company?s Delta Coal Wash Plant facilities.
CCC Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
