Wesfarmers Resources has settled October-December contracts for hard coking coal from its Curragh mine in the Bowen Basin in Queensland at US$160/mt FOB, 27% lower than the $220/mt it achieved in the July-September quarter, the company said Thursday. The Australian company said the weighted average price for hard coking, semi-hard coking and PCI coal from Curragh will be 26% lower than the previous quarter but it did not provide any other details.
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