From Phoenix Coal's prospectus, page 29
"Phoenix currently has contracts or accepted bids with established pricing for coal to be delivered between
2008 and 2012. From 2013 and beyond, Phoenix does not have any commitments with confirmed pricing. The
following table summarizes Phoenix’s contract pricing and committed tons from 2008 through 2012.
2008 2009 2010 2011 2012
No. of sales contracts(1) . . . . . . . . . . . . . . . . 10 7 4 3 1
Weighted average sales price (US$ / MM BTU)(2) . . . . . . 1.4903 1.5456 1.5987 1.7209 1.8977
Weighted average BTU (Guaranteed monthly average per
contract) . . . . . . . . . . . . . . . . . . . . . . . . . 11,308 11,295 11,206 10,993 11,000
Weighted average sales price (US$ / ton)(2) . . . . . . . . 33.46 34.57 35.82 37.84 41.75
Committed tons with established pricing per sales
contracts . . . . . . . . . . . . . . . . . . . . . . . . . . 3,517 3,080 2,350 2,250 1,500
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As can be seen, some contracts are in place already and the price fixed, though some have escalation clauses. Past 2008, there are fewer finalized contracts with an opportunity to capture then current prices. |
