that was a story on ABC 7:30 report on 19/07/2011 a chinese...

that was a story on ABC 7:30 report on 19/07/2011 a chinese company call Shenhua Watermark Coal a Chinese government-controlled mining giant has spent $213 million buying up 43 farms so it can explore for coal outside the NSW township of Gunnedah.
http://www.crikey.com.au/2011/07/01/the-story-behind-the-chinese-miners-land-deals-here/

and the same company also try to control Mongolia bigest coal project that you can see how hunger the chinese are looking for coal

http://www.reuters.com/article/2011/07/05/us-tavantolgoi-idUSTRE7641LS20110705

http://www.proactiveinvestors.com.au/companies/news/17758/chinas-shenhua-energy-co-to-acquire-stake-in-mongolias-biggest-coal-project-17758.html

current china import thermal coal price around CIF Qingdao port USD$130 per tonne
ttp://business.financialpost.com/2011/07/20/chinese-coal-imports-to-stabilize-deutsche-bank/