Resources Prima Group has extended an offtake agreement for coal with Indonesia-based PT Anugerah Bara Kemilau (ABK), the group's major customer.
The extension of the existing offtake agreement will cover shipments from June 1, 2015 to May 31, 2016, the mining group says in a statement to the stock exchange.
Resources Prima and ABK will now mutually agree on the quantity of coal available for sale on a monthly basis, instead of a specified quantity required for delivery over the life of the agreement previously.
That aside, the terms and conditions of the extended agreement are "generally similar" to the previous offtake agreement.
Resources Prima ended up 0.4 cent or 4.1% to 10.1 cents last Friday.
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The extension of the existing offtake agreement will cover shipments from June 1, 2015 to May 31, 2016, the mining group says in a statement to the stock exchange.
Resources Prima and ABK will now mutually agree on the quantity of coal available for sale on a monthly basis, instead of a specified quantity required for delivery over the life of the agreement previously.
That aside, the terms and conditions of the extended agreement are "generally similar" to the previous offtake agreement.
Resources Prima ended up 0.4 cent or 4.1% to 10.1 cents last Friday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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