Brief: Allegiance Coal Announces Termination Of A Coal Sale Agreement
03/11/2022 01:22
Nov 3 (Reuters) - Allegiance Coal Ltd AHQ.AX :
* TERMINATION OF COAL SALE AGREEMENT WITH LEGACY ASIAN
CUSTOME
* CUSTOMER SOUGHT TO TERMINATE CONTRACT AND CLAIM DAMAGES OR
LOSS
OF PROFIT AGAINST NEW ELK COAL COMPANY
* SALE CONTRACT BETWEEN NEW ELK COAL COMPANY AND BUYER HAD
TWO
REMANING 80KT CARGOS FOR DELIVERY
* NECC ACCEPTED CONTRACT AS TERMINATED BUT DENIES ANY
LIABILITY TO
CUSTOMER
Source text for Eikon: ID:nASXb30HT0
Further company coverage: AHQ.AX
((Reuters.Briefs@thomsonreuters.com;))
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