Zug, 1 April 2010
Xstrata confirms that it has finalised thermal coal contract pricing with a major power utility customer in Japan for the 12 month period beginning 1 April 2010 at a price of US$98 per tonne, basis 6322 kcal GAR.
Additional contract discussions with Japanese customers will continue in the week beginning 5 April.
Ends
| Contacts | ||||
| Xstrata | Investors and analysts | |||
| Claire Divver | Hanré Rossouw | |||
| Telephone | +44 207 968 2871 | Telephone | +44 20 7968 2820 | |
| Mobile | +44 7785 964340 | Mobile | +44 7879 455885 | |
| cdivver@xstrata.com | hrossouw@xstrata.com | |||
| www.xstrata.com | ||||
Notes to editors
ABOUT XSTRATA PLC
Xstrata is a global diversified mining group, listed on the London and Swiss Stock Exchanges, with its headquarters in Zug, Switzerland. Xstrata’s businesses maintain a meaningful position in seven major international commodity markets: copper, coking coal, thermal coal, ferrochrome, nickel, vanadium and zinc, with a growing platinum group metals business, additional exposures to gold, cobalt, lead and silver, recycling facilities and a suite of global technology products, many of which are industry leaders. The Group's operations and projects span 19 countries. Xstrata Coal is the world’s largest producer of export thermal coal.