News: MWY Midway Notes Media Reports About China Ban On Log Imports From Australia Due To...

Nov 13 (Reuters) - Midway Ltd (MWY) :

• MARKET UPDATE - LOG EXPORTS-MWY.AX
• NOTES SEVERAL MEDIA REPORTS ABOUT CHINA BAN ON LOG IMPORTS FROM AUSTRALIA BECAUSE OF QUARANTINE CONCERNS
• AT THIS STAGE OFFICIAL BAN ONLY APPLIES TO SOFTWOOD LOGS AND RELATES TO IDENTIFICATION OF BARK BEETLES BY CHINESE CUSTOMS
• AT THIS STAGE THERE IS NO INDICATION THAT THIS BAN IS LIKELY TO IMPACT WOODCHIPS
• MIDWAY'S CURRENT WOOD CHIP EXPORT CONTRACTS ARE BEING FULFILLED
• DO NOT BELIEVE THERE WILL BE ANY MATERIAL IMPACT ON MIDWAY