Search Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

Corsa enters long-term coal sales contract with Hyundai

Keywords: Tags  Corsa Coal, Hyundai Steel, metallurgical coal, Wilson Creek, Stacy Irish

NEW YORK — Canadian coal producer Corsa Coal Corp. has entered into a long-term sales arrangement to provide South Korean steelmaker Hyundai Steel Co. Ltd. with low-volatility metallurgical coal.

The coal will be sourced from Toronto-based Corsa Coal’s Wilson Creek Mine in Somerset County, Pa., the miner said April 3.
The agreement follows successful test shipments of about 40,000 tons of low-volatility metallurgical coal to Hyundai Steel’s operations in Korea.

“Once again, this demonstrates the quality of the Wilson Creek low-volatility coal we produce, and the importance of this coal in the domestic and international markets,” chief executive officer Don Charter said. 

Corsa signed a binding agreement in March that will give Houston-based Quintana Energy Partners LP a controlling stake in the company.

In addition to securing a 56% stake in Corsa Coal for $40 million, Quintana will hold a redeemable 25% interest in its wholly owned Wilson Creek subsidiary.

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends