Ann: Annual Report to shareholders, page-3

While Stratford coal mine's output is tiny and the mine is about to close (with YAL's renewable energy aim then taking centre stage there), I didn't know about the bolded words below. A very small benefit when compared to YAL's annual revenue, but at least the company was awarded it, though not from its other, much larger mines:

NEW SOUTH WALES RESERVATION POLICY
On 16 February 2023, the NSW Government introduced domestic coal reservation directions (“Directions”), for the 15-month period from 1 April 2023 until 30 June 2024. Under the Directions, the Group is compelled to make available up to0.31Mt of coal per quarter from attributable saleable production to domestic power generators. Coal sold under the Directionsis subject to a price cap of A$125/tonne delivered for 5,500kcal/kg products; energy adjusted.Yancoal is meeting its obligations under the Directions, and in the three quarters to 31 December 2023 supplied the quantity of coal called by generators under the Directions of 0.67Mt.

Where the production cost of the delivered coal (plus royalties and a reasonable margin) exceeds the price cap, an application can be made for the relevant minister to consider an increase to the price cap. Yancoal made such an application for coal supplied from its Stratford mine and has received an increase in the price cap to $173.95/ tonne delivered for 5,500 kcal/kg products, energy adjusted, that can be applied for coal delivered from 31 July 2023.

It is noted that the thermal coal output from Stratford is relatively low and the Group will still be required to reserve the majority of its coal under the Directions from other mines at theprice cap of A$125/tonne delivered for 5,500 kcal/kg products,energy adjusted