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From The Australian:
CHINA Shenhua Energy, the world’s biggest coal company, is predicting a 10 per cent cut in domestic coal sales this year because Chinese power companies are moving away from coal, says Tim Buckley of the US-based Institute for Energy Economics and Financial Analysis.
…Mr Buckley said the Shenhua cutback prediction has negative implications for Shenhua’s controversial planned Watermark coalmine on NSW’s Liverpool Plains.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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