China Shenhua Energy reported an 18% decline in coal sales in 2015. Shenhua’s internal coal production was down 8.4% — with a further 10% drop in sales from third-party providers.
Its coal imports fell to almost nothing, reflecting an overall trend in which China’s total coal imports were down 30%.
Shenhua still says it is committed to the $1 billion Watermark coal project in the Liverpool Plains of New South Wales, but the project now appears to lack financial backers.
MELBOURNE
The biggest rally was in the outer suburb of Melton, about 35 kilometres west of Melbourne, where anti-Islam groups have been campaigning against the construction of an Islamic school and mosque.