19 Feb 2010

Pike River Coal exports begin

12:29 pm on 19 February 2010

Pike River Coal is exporting its first shipment of premium hard coking coal on Friday.

The 20,000 tonne shipment is bound for India, where two customers have together agreed to take 55% of Pike River's output.

Pike River also has three-year supply contracts with Japanese steel mills, which will account of about 22% of the company's coal.

The next export shipment is due to leave New Zealand in the June quarter.