Allegiance Coal Limited announced on December 15 that it reached an agreement for the sale of coking coal from its Black Warrior coal mine with an international bulk commodity trader.
This was the second sale of the mine on the seaborne coal market.
The sales volume was 55,000 tonnes of coking coal with shipment date on January 1-10, 2022 and sales price close to that of the first batch.
The company would have shipped the first batch of 80,000 tonnes of coking coal over December 1-10, 2021, but the shipment date was delayed to the first quarter of 2022 at the buyer's request.
In August this year, Allegiance Coal Limited obtained the mine after acquiring Black Warrior Minerals. It is an open-pit mine that produces hard coking coal.
Based in New South Wales, Australia, Allegiance Coal Limited, a listed company on the Australian Stock Exchange, focuses on development, operation and supply of seaborne metallurgical coal with businesses in southeastern Colorado, central Alabama, USA and northwestern British Columbia, Canada.
(Writing by Shengnan Liu Editing by Tammy Yang)
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