Global miner Glencore GLEN.L and Japan's Tohoku Electric Power 9504.T agreed on a price of $109.77 per tonne for supplies of thermal coal from Australia for the year through September 2019, according to a source with direct knowledge of the matter.
The agreed price, which serves as a benchmark for supplies of seaborne thermal coal in Asia, was 16 percent higher than the contract for the year through October this year.
Global miner Glencore GLEN.L and Japan's Tohoku Electric Power...
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