The company recently finalised a sale of four cargoes in the period of March – June 2022 with its main Japanese offtake partner. The total tonnes to be delivered by BA under this agreement is approximately 320 000 t, with the global Coal Newcastle Index used as the basis for an agreed pricing formula.
The main markets BA sells coal to are:
- Japan and South Korean energy markets.
- Indian sponge iron market – being the process of direct reduction of iron ore into iron by an elemental carbon produced from thermal coal.
