Miner Vale says met coal pricing 'unsustainable', to grow output

摘要

Brazilian miner Vale said Friday itdoes not expect the coking coal market tosustain a current price spike, while it plans toincrease coal output by a third to 16 million mtin 2018.Vale, which mines coking coal inMozambique, said it is projecting benchmarkcoking coal prices of around $170/mt FOB, ratherthan applying the $230/mt-plus FOB spot pricinglevels seen this month for Australian coals.