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Global coal roundup: Chinese imports of US coking coal surge in April

Asia

China: Yanzhou Coal Mining Co. Ltd. issued 3 billion Chinese yuan in short term bonds on May 22, according to a May 27 statement. The company said the interest rate of the notes was fixed at 3.27% and the maturity was set at 180 days.

* China's imports of U.S. coking coal surged 409.7% to 308,789 tonnes in April from 60,585 tonnes in March, Reuters reported May 27, citing General Administration of Customs data.

* China's National Development and Reform Commission recommended coal producers drop local coal prices to help electric utilities deliver a power price cut, Bloomberg News reported May 28, citing people with knowledge of the matter.

India: Coal India Ltd. will offer less coal in spot and forward auction markets in 2019, The Economic Times reported May 30. The company aims to offer between 60 million and 70 million tonnes of coal this year, decreasing slightly from 76.4 million tonnes in 2018.

* India's National Mineral Development Corp. Ltd., or NMDC, plans to acquire the 21.44% shareholding it does not already own in Australia's Legacy Iron Ore Ltd., The New Indian Express reported May 30, citing NMDC Finance Director Amitava Mukherjee.

Mongolia: Gombojav Zandanshatar, chair of the Mongolian Parliament, said upcoming elections and "other factors" could delay the partial listing of state-owned Erdenes Tavan Tolgoi JSC, in an interview published May 31 by the Nikkei Asian Review.

Australia

* Adani Enterprises Ltd.'s plan to protect the endangered black-throated finch at the Carmichael coal mine in Queensland, Australia, was approved by the state's Department of the Environment and Science.

* South Korea-based POSCO's Australian unit Hume Coal Pty. Ltd. must address environmental and social issues before securing approval from the New South Wales government to construct an underground mine, Mining.com reported May 28.

* The Queensland, Australia, government asked coal mining companies in the state to contribute to a planned A$100 million regional infrastructure fund in exchange for ruling out a royalty hike in June, ABC News reported May 29.

Europe

Netherlands: Dutch insurer NN Group NV and its asset manager NN Investment Partners Holdings NV outlined plans to restrict investments in companies with exposure to thermal coal, in line with the Paris Agreement on climate change, with a goal of generally phasing out coal investments within 10 years.