NOBLE Group Ltd. has filed a claim in Australia against two coal producers for alleged breaches of contractual obligations under a marketing services agreement, according to Bloomberg. The Singapore-listed commodity trading group said a unit has filed the claim in the Supreme Court of New South Wales against Yancoal Australia Ltd. and Gloucester Coal Ltd. for damages estimated to at least US$127 million.
The claim relates to a marketing services agreement it entered into in 2011. Yancoal said it is reviewing the claim.
