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Japan’s Nippon Steel and Sumitomo Metal Corp have agreed on the price for premium coking coal contact for Q1 2017 at $285US or around the $269 Euro dollars a tonne.
Q1 2017 Coking coal contract for OKD/NWR should now settle around the 269 Euro a tonne level.
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NWR/OKD should have cash costs around 60 to 65 Euro a tonne maybe lower. So OKD will now make MASSIVE amounts of cash in a few weeks. I wish they can increase production of coking coal at the mines.
Good luck to us small and forgotten insignificant shareholders of New World Resources.