June 10, 2009
2009 Metallurgical Coal Price Negotiations Update
According to BMA(*), 2009 terms for a significant portion of the annually priced metallurgical coal contracts relating to the BMA operations in Queensland Australia have been concluded following settlements with key global customers.
Based on contract settlements to date, 2009 FOB prices for prime metallurgical coking coal products are expected to decrease by approximately 58% below 2008 levels.
This will have a negligible impact on Mitsubishi Corporation’s consolidated financial result for the fiscal year ending March 31, 2010 which was announced on May 8, 2009.
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Mitsubishi Corporation
Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705
