Xstrata, Japan Utilities Agree Coal Price Cut, Citigroup Says
December 18th, 2008By Angela Macdonald-Smith
Dec. 18 (Bloomberg) – Xstrata Plc, the world’s biggest exporter of coal burned in power plants, agreed annual calendar- year contracts for the fuel with Japanese utilities at lower prices, Citigroup Inc. said.
Contracts for coal to be delivered in the year starting Jan. 1, 2009, have been settled at $80 a metric [...]