Allegiance Coal Ltd has announced the completion of an agreement for the sale of Black Warrior’s first 80 000 t cargo to an Asian buyer.
While the company waits for a pilot coke oven test to be completed on the premium Mary Lee and Blue Creek Top coals, this sale comprising all Black Warrior coals plus other coals available for acquisition, enables us to get Black Warrior coal on to the seaborne market now to take advantage of the current price environment with an alternative product.
The price was agreed at a discount to high-vol B due to the untested nature of the coal pending results of the pilot coke oven tests. The laycan is 1 – 10 December 2021.