ANGLO AMERICAN HAS STTLED PREMIUM HARD COKING COAL NEGOTIATIONS WITH NIPPON STEEL US$ 3 HIGHER

Mining company Anglo American has settled second-quarter premium hard coking coal negotiations with Japanese mill Nippon Steel & Sumitomo Metal Corp, $3 higher quarter on quarter at $84/mt FOB Australia, the first benchmark increase in 10 quarters, market sources said Wednesday to Platts.

This price applies to Anglo American's flagship premium low-vol and mid-vol brands German Creek and Moranbah North. Both coal categories were priced at $81/mt FOB Australia in Q1.