Just to clarify, they get 80% of the benchmark price, not because they are bad negotiators etc (they do get full spot value) but because of the grades of coking coal they provide to market. If you look at the AGM presentation it shows the percentage of product that is mined at Stockton. and the % of the benchmark price they get. This averages out at about 80%.
Just to clarify, they get 80% of the benchmark price, not...
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