Tepco Agrees $103/Ton Coal Supply Deal With Xstrata, Rio -Sources

6th Jul 2010 00:33

TOKYO (Dow Jones)--Tokyo Electric Power Co. (9501.TO) has struck separate agreements with Xstrata Plc (XTA.LN) and Rio Tinto Plc (RTP) to pay about US$103 per metric ton of thermal coal supplied from Australia in the year starting July, two traders close to the situation said. The total volume of thermal coal to be supplied to Tepco, Japan's largest power utility by capacity, under the two term contracts is about 1.5 million tons, the people said. A spokesman for Tokyo Electric declined to comment when contacted by Dow Jones Newswires. A spokesman for Xstrata wasn't immediately available for comment while Rio Tinto declined to comment. -By Mari Iwata, Dow Jones Newswires; 813-6269-2798; [email protected] (END) Dow Jones Newswires July 06, 2010 19:33 ET (23:33 GMT)