China Yanzhou raises 2008 coal export price 92 pct

HONG KONG, June 3 (Reuters) - Yanzhou Coal Mining Co Ltd (1171.HK) (600188.SS), China's No. 3 coal producer by market value, has settled 2008 term contracts to export half a million tonnes of coal at $151.67 a tonne, it said on Tuesday.

Yanzhou said in a statement the prices were 92.1 percent higher than in 2007, while the volume was down 9.1 percent.

China's other coal exporters, including Shenhua Energy Corp (1088.HK) (601088.SS) and China Coal Energy Co (1898.HK) (601898.SS), settled 2008 thermal coal export prices at $131.40 a tonne with Japanese buyers last month.

Yanzhou estimated the contract will raise its 2008 revenue by 224.93 million yuan.

The coal quality was not immediately clear. (Reporting by Judy Hua; Editing by Quentin Bryar)