As per the contract, the coal will be delivered in phases that includes the delivery of 20,000 tons of coal by May 2011, 40,000 tons by June 2011, 60,000 tons by July 2011, and 95,000 tons every month following until the contract expires.
The order, which is for one million tons at a price of $100 per ton, also calls for a possible extension for an additional two three-year terms with a million tons deliverable per year.
The coal specifics are as follows MAF/BTU 12,000 min, with an ash content at 8% maximum, a 1% sulfur maximum and a FSI with a 7% minimum.
