Yanzhou Coal Industry: Price Reduction of Electricity Coal Contracts

Yanzhou Coal announced that as of January 31, the company had signed a contract for coal sales of 7.72 million tons in the province in 2012, which was a reduction of 1.275 million tons from the provincial coal sales contract in 2011, a decrease of 14.2%; the average tax base The price was RMB 589.09/ton, which was RMB 17.80/ton higher than the average tax-inclusive benchmark price agreed in the provincial coal sales contract in 2011, an increase of 3.1%.

According to the announcement, the company signed a contract for 4.29 million tons of national key coal sales in 2012, which is in line with the national key electric coal contract in 2011; the average tax-included benchmark price is 529.05 yuan/ton, which is higher than the 2011 national key coal sales contract. The agreed average tax-inclusive benchmark price rose 25.19 yuan/ton, an increase of 5%.

Signed a contract to save 3.25 million tons of key coal coal in 2012, which is 3.8 million tons less than 2011, which is a 10.5% reduction; the average tax base price is 663.76 yuan per ton, which is in line with the 2011 fiscal year. The average benchmark price of tax included in the contract for supplementing key coal sales increased by RMB 33.13/ton, or 5.3%.

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