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Glencore, Tohoku Electric set coal contract price

Global miner Glencore Plc and Japan’s Tohoku Electric Power agreed on a price of $68.75 per tonne for thermal coal from Australia for the year through March 2021, a source with direct knowledge of the matter said on Monday. The price, which serves as an industry...

Terracom makes Universal Coal acquisition compulsory

Kangala Colliery in South Africa. Image: Universal Coal. TerraCom has tightened its hold on Universal Coal as it moves to acquire all of the shares it does not already own in the company. After receiving more than 92 per cent of Universal Coal shareholders’ votes on...