Ann: Company presentation, page-29

In what are highly likely to be the dying days of the NSW Coalition Government - election in March 2023 that one can't see it winning - NSW mad Greenie Treasurer Matt Kean has announced that most or all NSW thermal coal miners will be required to reserve seven to 10 per cent of production for NSW coal-fired power stations.

'The Australian' says this is likely to draw in WHC and YAL. NHC is already subject to a similar policy.While all existing export contracts will be honoured,

'The Oz' says the policy may outrage some miners. It means Newcastle 6000 coal may have to be sold into the domestic market for about A$136!

This is a classic example, I reckon, of mad policy devloped just before an election.

Rarely do moves like this affect election results.It begs the question: do YAL and WHC actually have suitable grades of coal for local power stations?

Why not let the market decide these questions? Government intervention usually has unintended consequences as we're already finding with Federal Labor/Albanese/mad Bowen's gas price cap.