Yanzhou Coal says 2009 exports won’t increase

Yanzhou Coal Mining Co Ltd, China’s No. 3 coal producer by market value, said on Monday it had no plans to raise exports next year due to strong domestic demand.

“We will not raise exports next year even if export prices keep rising since we can not even satisfy domestic demand,” Chief Financial Officer Wu Yuxiang told reporters.
In the first half of this year, the company only exported 164,000 tonnes of coal despite raising coal export prices by 92 percent to $151.67 a tonne in 2008.

Reuters