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Wesfarmers seals contracts at 59% lower

WESFARMERS Resources has taken a 59% hit to its metallurgical coal contracts, but managing director Stewart Butel says he is satisfied with prices.

Angie Tomlinson
Wesfarmers seals contracts at 59% lower

The weighted average $US free-on-board price for hard coking, semi-hard coking and PCI coal from the company’s Curragh open cut mine in Queensland’s Bowen Basin declined by 59%. Butel said the outcome...

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