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BHP reaches terms for coking coal March 8, 2010 - 8:55AM
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AAP

Mining giant BHP Billiton Ltd says it has reached terms for much of its coking coal sales for 2010, involving switching to "shorter term market based pricing".

"BHP Billiton today announced that it had reached terms for a significant portion of its hard coking coal volumes for 2010, based on a structural change to shorter term market based pricing for the contract period," the company said in a statement on Monday.

BHP said agreement had been reached with a range of customers throughout Europe, China, India and Japan.

"These settlements reflect the company's commitment to achieving market clearing prices over time across all its bulk commodities," BHP said.