CONSOL Energy sells five more vessels of high-vol coking coal to China
CONSOL Energy, a producer of metallurgical coal, high-Btu thermal coal and natural gas, has concluded the sale of five more vessels of high-vol coking coal from its Bailey and Blacksville mines in Northern Appalachia destined for Asia.
The sales were made by Xcoal, and are the result of the Asian Marketing Initiative announced last month by CONSOL.
The sales for these 5 vessels total approximately 410,000 short tons. The cargoes are destined for integrated steel mills located in the Hebei and Shangdong provinces of China.
"CONSOL Energy established its arrangement with Xcoal just in time to meet the strong demand for high-vol coking coal in China," said J. Brett Harvey, president and chief executive officer.
"When counting the earlier sale we announced two weeks ago of 82,000 short tons, we have now sold nearly a half million tons of Northern Appalachian coal to Asia in one month, and we've sold it at a significant premium to our domestic thermal market.
"CONSOL Energy, with our 100%-owned Baltimore Terminal, is in a unique position to sell our Northern App coal into the Atlantic Basin, Asia, or the domestic market."
CONSOL Energy is represented in Asia by Xcoal at offices in Beijing, Seoul, Tokyo, and Singapore.
