Aussie miners hit by China coal curbs

Original article by Michael Smith, Peter Ker
The Australian Financial Review – Page: 17 & 22 : 27-Sep-18

China’s imports of thermal coal rose 18.2 per cent year-on-year in the first eight months of 2018, according to official data. Thermal coal imports from Australia were up almost 27 per cent in the first seven months of the year. Meanwhile, the Chinese Government has reportedly introduced import quotas on thermal coal at some of the nation’s major ports in a bid to boost demand for Chinese coal. The bulk of China’s coal imports in 2017 were sourced from Indonesia, and a China-based trader says that nation will be harder hit by the import quotas than Australian coal producers.

CORPORATES
NEW HOPE CORPORATION LIMITED – ASX NHC, UBS HOLDINGS PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, WHITEHAVEN COAL LIMITED – ASX WHC, BHP BILLITON LIMITED – ASX BHP, YANCOAL AUSTRALIA LIMITED – ASX YAL, SOUTH32 LIMITED – ASX S32

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