Ann: Dividend Declaration, page-408

Newcastle coal futures, the benchmark for the top consuming region of Asia, moved below the $400 per tonne mark and are now more than 15% down from their September peak of $450, as prospects of increased supplies and reduced demand prompted investors to unwind some long positions. Top consumer China recently permitted three central government-backed utilities and its largest steelmaker to resume coal imports from Australia, the first such action since Beijing imposed an unofficial ban on Australian coal imports in late 2020. At the same time, warm weather, particularly in the US and Europe, has delayed the winter heating season while easing some concerns about fuel shortages. Still, China is taking significant steps to boost its economy and end its strict coronavirus-induced regime, which, in turn, should increase demand for coal in the medium-to-long term.thx Falair helpful data