Original article by Amanda Saunders
The Australian Financial Review – Page: 13 & 18 : 2-Nov-15
China’s introduction of quality-testing for imported coal has had no direct impact on BHP Billiton, whose shipments have been cleared. However, BHP executive Shaun Verner believes that some coal exporters have had to sell coal at significantly lower prices in other markets after failing to pass China’s new quality control requirements. He notes that the slump in the price of metallurgical coal means it is costly for a coal producer to have a shipment rejected.
CORPORATES
BHP BILLITON LIMITED – ASX BHP, MINERALS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE