&lt;Quintette Coals Ltd> of Canada andJapanese steelmakers failed to agree on the Canadian coal base
price over four years from April 1, but agreed to have another
round of talks in late May, officials involved said.
    Japanese firms have asked for the base price to be set at
44 U.S. Dlrs per tonne (FOB), sharply lower than the 75 to 76
dlrs of the past four years, they told Reuters. The base price
is reviewed every four years under the long-term accord.
    The Canadian mine insisted on maintaining the present
price, they said.
    Japanese firms bought 4.75 mln tonnes of Quintette coal in
1986/87, and plan to buy the same volume in 1987/88 depending
on the result of the talks, the officials said. They added
Japan has no plans to withdraw its price cutback request due to
recent falls in coking coal prices on the world market.
    Meanwhile &lt;Gregg River Co> of Canada has agreed on a
Japanese proposal to set a temporary price of 75.80 Canadian
dlrs on and after May shipment following the failure of the
1987/88 price talks, they said. Japanese firms plan to buy
150,000 tonnes of Gregg River coal for May shipment and hold
another round of talks with Gregg in late May, they added.
 REUTER
