April 21 (Reuters) - Shenhua Watermark Coal:
* REACHED AGREEMENT WITH NEW SOUTH WALES GOVERNMENT TO CEASE ITS WATERMARK PROJECT
* NSW HAS AGREED TO PAY SHENHUA $100 MILLION FOR CANCELLATION OF EXPLORATION LICENCE
* CEASING WATERMARK PROJECT REFLECTS "SHIFTING ECONOMIC & SOCIAL CIRCUMSTANCES" SINCE PROJECT BEGAN IN 2008