The Colorado-based company said that, under the new deal, Trafigura will exclusively market “certain tons” from its Coal Valley operation in Alberta, Canada, though it did not disclose any further details or terms.
“We have partnered with Trafigura, an internationally known and respected trading organization, to represent us as we service existing and new export markets with thermal coal,” Westmoreland CEO Keith Alessi said. “By leveraging [their] marketing expertise, we can focus on what we do best, efficiently mining thermal coal.”
Simon Collins, Trafigura’s head of metals and minerals trading, called the partnership “a winning combination.”
“It will also further enhance Trafigura’s ability to supply its growing number of coal clients around the world and continue the growth that has placed the company among the top three global coal traders,” he said.