Pennsylvania, US-based metallurgical and thermal coal producer CONSOL Energy Inc. has concluded the majority of its low-volatile coking coal negotiations for fiscal year 2010-11.
CONSOL's Buchanan Mine, located in southwestern Virginia, produces a premium low-volatile coking coal for the global steel industry.
A company press release issued on March 22 said that negotiations covered nearly 2.7 million mt at a selling price of $150-159/mt FOB mine. The coal is destined for customers in North America, Europe and Asia.