Original article by Peter Ker, Lisa Murray
The Australian Financial Review – Page: 13 & 18 : 9-Mar-17
China’s National Development & Reform Commission has advised that it might not reinstate restrictions on the number of days the nation’s coal mines can operate. The NDRC has indicated that this will depend on the outlook for coal prices. Shares in Australian coal producers have fallen in response to the NDRC’s statement, including Yancoal Australia and Whitehaven Coal. Thermal and coking coal prices rallied in the wake of China’s decision to limit production to 276 days year in early 2016.
CORPORATES
CHINA. NATIONAL DEVELOPMENT AND REFORM COMMISSION, YANCOAL AUSTRALIA LIMITED – ASX YAL, WHITEHAVEN COAL LIMITED – ASX WHC, STANMORE COAL LIMITED – ASX SMR, NEW HOPE CORPORATION LIMITED – ASX NHC, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, SDIC INVEST, RBC CAPITAL MARKETS, TERRACOM LIMITED – ASX TER, REALM RESOURCES LIMITED – ASX RRP, AUSTRALIAN PACIFIC COAL LIMITED – ASX AQC, ANGLO AMERICAN PLC, SOUTH32 LIMITED – ASX S32