Whitehaven Coal (ASX:WHC) has been informed by the NSW Government that they are looking to expand their domestic thermal coal reservation policy to include the majority of the State's coal miners.
The Government says it's to address an approximate 4 million tonne annualised supply shortfall to meet the needs of NSW power generators and would apply from 1 April 2023 to 30 June 2024.
Whitehaven Coal also says it's currently reviewing the potential implications of an expanded scheme and will update the market as appropriate.
Shares of Whitehaven Coal closed down today (January 19) at $8.93.