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BRIEF-Atrum Coal forms sales joint venture with Atlantic Carbon Group

Published 04/11/2016, 06:23 pm
Updated 04/11/2016, 06:30 pm
© Reuters.  BRIEF-Atrum Coal forms sales joint venture with Atlantic Carbon Group
ATU
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Nov 4 (Reuters) - Atrum Coal Nl ATU.AX :

* Forms sales joint venture with Atlantic Carbon Group

* ACG will provide 250,000t at cost price plus an administration fee agreed by both parties

* Agreed to form an unincorporated joint venture with Atlantic Carbon Group

* JV to market and sell anthracite from ACG operations

* Profits from sales from sales joint venture will be spilt 60% to atrum and 40% to ACG

* If Atrum achieves sales of 200,000t by 31 december 2017, ACG will extend sales joint venture by another four years

* Expect anthracite prices in Europe to move strongly upward in next quarter Source text for Eikon: ID:nASXQcJ6D Further company coverage: ATU.AX

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