Major coal producers are in talks with the government of New South Wales, Australia’s most populous state, over its surprise plan to have miners reserve up to 10% of production for domestic supply, as part of efforts to curb soaring energy costs. Australia is seeking to drive down costs for households by capping gas and coal prices, which soared last year partly due to the Ukraine war and domestic factors. The New South Wales government is trying to boost the effort on the coal front by beefing up domestic supply of coal, most of which gets exported.
