Records roll on China iron ore sales

Original article by Ronald Mizen
The Australian Financial Review – Page: 10 : 23-Jul-21

New figures show that Australia’s iron ore shipments to China rose by $1.1bn to $14.8bn in June, despite the ongoing trade tensions between the two countries. Australia exported some $17.6bn worth of the steel input during June, with China accounting for about 85 per cent of this total. The Australian Bureau of Statistics notes that the iron ore price rose by five per cent during the month. Meanwhile, Australia’s overall exports grew by $2.8bn in June, to $41.2bn; the nation’s goods trade surplus was steady at a record $13.2bn.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS

China trade tension a risk to economy: BHP mining boss

Original article by Emmaline Stigwood
The Australian – Page: 13 & 16 : 21-May-21

China’s unofficial ban on coal imports from Australia has forced local producers to find alternative markets for metallurgical coal. BHP Minerals Australia president Edgar Basto notes that this has resulted in the price falling by up to 50 per cent; he says this is unsustainable and action to improve Australia’s relations with China will eventually be needed, given that China is a major market for coal used in steel-making. Basto says that both nations must take action to "rebuild trust".

CORPORATES
BHP GROUP LIMITED – ASX BHP

China tensions threaten LNG, coal exports

Original article by Perry Williams
The Weekend Australian – Page: 20 : 15-May-21

China has imposed an informal ban on Australian thermal coal since 2020, and consultancy Wood Mackenzie expects the ban to remain in place until 2022. There are now also suggestions that the ongoing tensions could see China pull back from agreeing to sign long-term LNG deals with Australia, which supplies 45 per cent of China’s LNG requirements. Woodside Petroleum advised in February that it had been forced to delay talks to sell LNG to China, citing the economic rift between the two nations.

CORPORATES
WOOD MACKENZIE, WOODSIDE PETROLEUM LIMITED – ASX WPL

Australia examines modern slavery laws amid concerns over products linked to Uyghur abuse

Original article by Daniel Hurst
The Guardian Australia – Page: Online : 28-Apr-21

Australian Border Force official Vanessa Holben says the federal government will review the Modern Slavery Act in 2022. The legislation has been criticised over its lack of financial penalties for companies that fail to deal with the use of slave labour in their supply chains. Holben says the government is "deeply concerned" about reports of human rights abuses against the Uyghur people in China’s Xinjiang region. Independent senator Rex Patrick has proposed legislation to ban imports from Xinjiang and other parts of China that are produced by using forced labour. The bill is being scrutinised by a Senate committee.

CORPORATES
AUSTRALIAN BORDER FORCE

‘We must get real on a possible China war’: Dutton

Original article by Olivia Caisley
The Australian – Page: 4 : 26-Apr-21

Defence Minister Peter Dutton says Australia must continue to be a ‘good neighbour’ in the Asia-Pacific and work with its partners and allies to maintain peace in the region. He adds that China has made it clear that reunification with Taiwan is firmly on its agenda, and he has warned that war over Taiwan cannot be ruled out in the future. Dutton has also indicated that thousands of deals with foreign governments are being reviewed following the Coalition’s decision to terminate Victoria’s deal to participate in China’s Belt and Road Initiative. They include the 2015 deal to lease the Port of Darwin to a Chinese company for 99 years.

CORPORATES
AUSTRALIA. DEPT OF DEFENCE

China talks only if no conditions

Original article by Greg Brown, Rosie Lewis
The Australian – Page: 1 & 2 : 25-Jan-21

Prime Minister Scott Morrison says he is happy to meet with China’s leaders to discuss how the strained relationship between the two nations could be improved, as long as there are no conditions attached. The Chinese embassy released in 2020 a list of 14 grievances that China has with Australia; Morrison says that if they are to be the conditions then any meeting will be a long time coming. He says that the relationship between Australia and China has been changing for some years, "not over any one thing but over time". Morrison says he is confident new US president Joe Biden will support Australia in its handling of the China relationship.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Australia demands WHO entry to China without delay

Original article by John Kehoe
The Australian Financial Review – Page: 3 : 7-Jan-21

A delegation from the World Health Organisation was due to depart in early January on a visit to China to investigate the origins of COVID-19. However, there have been delays in China in issuing their permits, which has prompted WHO Director-General Tedros Adhanom Ghebreyesu say he was "very disappointed", while Foreign Affairs Minister Marise Payne has called on China to allow the entry of the WHO delegation "without delay". Australia led the call for an independent investigation into the COVID-19, and it has been suggested this was a major factor in China’s ongoing retaliatory trade action against Australia.

CORPORATES
WORLD HEALTH ORGANIZATION, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE

Business must lead China peace mission, top executives say

Original article by Damon Kitney, Glenda Korporaal
The Australian – Page: 13 : 5-Jan-21

Company directors taking part in a round table discussion organised by the Australian Institute of Company Directors contend business should take the lead in trying to improve Australia’s strained ties with China. Penny Bingham-Hall, who is a director of BlueScope Steel, Fortescue Metals and Dexus, says there are very good personal relationships between Australian businesses and Chinese businesses, while Coles director Wendy Stops said "upfront criticism" is not the way to deal with China. Amcor chair Graeme Liebelt says there is a risk Australia could get "caught up in the crossfire" between the US and China.

CORPORATES
AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, BLUESCOPE STEEL LIMITED – ASX BSL, DEXUS – ASX DXS, FORTESCUE METALS GROUP LIMITED – ASX FMG, COLES GROUP LIMITED – ASX COL, AMCOR LIMITED – ASX AMC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

China accuses Australia of playing the victim and politicising trade, says coal ban is responsible act

Original article by
abc.net.au – Page: Online : 16-Dec-20

China’s Ministry of Foreign Affairs has responded to growing criticism of its sanctions against some imports from Australia. Wang Wenbin, a spokesman for the ministry, has used a press conference in Beijing to stress that the recent action taken by the nation’s authorities is in accordance with Chinese laws and regulations, as well as international practice. He has also described it as a "responsible act" for Chinese industries and consumers. Coal appears to be the latest commodity to be hit by Chinese restrictions, which have also affected products such as wine, beef, timber and barley.

CORPORATES
CHINA. MINISTRY OF COMMERCE

China coal ban an FTA breach

Original article by Geoff Chambers
The Australian – Page: 1 & 4 : 16-Dec-20

Prime Minister Scott Morrison says the federal government has received no "official information" from China about restrictions on coal imports from Australia. He says that any such move would be in breach of both the free-trade agreement between the two nations and World Trade Organization rules. China’s state-owned media has reported that Australian thermal coal will be blacklisted in favour of coal from countries such as Indonesia, Russia and Mongolia. Morrison contends that a ban on higher-quality Australian coal would increase China’s carbon emissions. He has also emphasised that Japan and India are bigger markets for Australian thermal and coking coal respectively than China.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET