Allegiance Coal Ltd (Allegiance or the Company) refers to its prior announcement dated 5 November 2021 relating to the first sale of Black Warrior coal on the seaborne market. The sale was an 80 000 t cargo to an Asian buyer for a 1 – 10 December 2021 laycan ex-McDuffie Coal Terminal, Port of Mobile.
The buyer recently requested the cargo to be delayed into 1Q22. Allegiance agreed to a later delivery date and it is anticipated a new laycan will be set for late February 2022.
In the meantime, Allegiance was able to sell Black Warrior inventory built up from October and November production to a major international commodity trading house, at a similar price to the first sale, for a 1 – 10 January 2022 laycan ex-McDuffie Terminal. The sale is for 55 000 t of Black Warrior coal sharing an 80 000 t vessel with the trading house.
Read the article online at: https://www.worldcoal.com/coal/30122021/allegiance-coal-sells-second-black-warrior-cargo/