Yancoal (ASX:YAL) announce cap for 2020 POSCO coal sales

11Feb

Yancoal (ASX:YAL) announce cap for 2020 POSCO coal sales

 

Yancoal (ASX:YAL) released a statement to the ASX yesterday announcing that the maximum value cap for the transactions under the 2020 POSCO Coal Sales Agreements for the period from 1 January 2021 to 31 March 2021 will not exceed a cap of US$150 million.

This cap was calculated by reference to the historical transaction amounts, the expected demand for coal from POSCO and/or its associates for the three months ending 31 March 2021.

Other factors were the estimated sale price for the coal the Group typically charges and the estimated sales volume of approximately 0.675 million tonnes of coal for the three months ending 31 March 2021, based on the spot opportunities that may exist.

Shares in Yancoal (ASX:YAL) closed 1.05 per cent higher at $2.89 yesterday.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

22Jan

Stocks of the Hour: ABx Group, Evolution Energy Minerals, Koba Resources

22 Jan 2024 - A snapshot of the stocks on the move, featuring ABx Group (ASX:ABX), Evolution Energy Minerals (ASX:EV1) and Koba Resources (ASX:KOB).

Read More
09Jun

AER releases 5yr regulatory decision for SA Power Networks

05 Jun 2020 - The Australian Energy Regulator (SER) today released its final decision for the next five-year regulatory period for SA Power Networks. Spark Infrastructure Group (ASX:SKI) holds a 49 per cent interest in SA Power Networks.

Read More
22Jan

Blackstone Minerals (ASX:BSX) in talks with Trafigura

22 Jan 2021 - Blackstone Minerals (ASX:BSX) has signed a non-binding letter of interest with Trafigura for the potential supply of nickel and cobalt products.

Read More
10Oct

Sky Network Television (ASX:SKT) loses the broadcasting rights to Cricket NZ

10 Oct 2019 - Sky Network Television (ASX:SKT) in New Zealand has lost the broadcasting rights for Cricket New Zealand to Spark Sport from April next year.

Read More
14Mar

Stocks of the Hour: PainChek, Chimeric Therapeutics, Torque Metals

14 Mar 2024 - A snapshot of the stocks on the move, featuring PainChek (ASX:PCK), Chimeric Therapeutics (ASX:CHM) and Torque Metals (ASX:TOR).

Read More
29Nov

Sienna Cancer Diagnostics (ASX:SDX) $4.2 million raising

29 Nov 2019 - Sienna Cancer Diagnostics (ASX:SDX) is set to raise $4.2 million before costs via a share placement and rights issue at 3.5 cents per share.

Read More
11Nov

EML Payments (ASX:EML) acquires Prepaid Financial Services in Europe

11 Nov 2019 - EML Payments (ASX:EML) has entered into a binding agreement to acquire PFS for an upfront enterprise value of $423 million plus an earn-out component of up to $103 million.

Read More
20Aug

Metcash’s (ASX:MTS) acquisition of Total Tools not opposed

20 Aug 2020 - The ACCC will not oppose Metcash’s (ASX:MTS) acquisition of a 70 per cent majority interest in Total Tools Holdings, the franchisor of the Total Tools network.

Read More
27Jan

Beach Energy (ASX:BPT) second quarter production down 8%

27 Jan 2021 - Beach Energy's (ASX:BPT) quarterly sales volumes were down 8 per cent to 6,444 Kilobarrel Of Oil Equivalent on the prior quarter and 3 per cent on the prior corresponding quarter.

Read More
16Jan

Awards Iluka Resources’ (ASX:ILU) Goods and Services contract

16 Jan 2020 - Iluka Resources (ASX:ILU) has awarded Vysarn’s (ASX:VYS) Pentium with Iluka’s Goods and Services contract.

Read More