IMPORTS – CHINA – REGULATION

Chinese coal quality rules may hit exporters

roymorgansocial Leave a comment

Original article by Sarah-Jane Tasker
The Australian – Page: 18 : 13-Jan-15

The ANZ Bank’s Mark Pervan says China’s move to impose quality-control restrictions on coal shipments may adversely affect Australian coal producers. China plans to crack down on the importation of coal whose ash content exceeds 16 per cent. Some 92 per cent of the 40.3 million tonnes of coal imported from Australia in the first 10 months of 2014 exceeded this threshold. Pervan notes that it is costly for producers to subject coal to greater processing in order to reduce its ash content

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, CHINA. NATIONAL DEVELOPMENT AND REFORM COMMISSION

AngloAmerican says China crackdown adds to pressure

roymorgansocial Leave a comment

Original article by Amanda Saunders
The Australian Financial Review – Page: 21 & 26 : 18-Sep-14

Anglo American is not concerned about China’s new quality requirements for thermal coal. CEO Mark Cutifani said that the ban will increase competitive pressure, but will have a small impact compared with the other challenges faced by the coal industry. He said that most coal exported from Australia is higher quality. Cutifani said that there is interest from buyers in the company’s coal assets

CORPORATES
ANGLO AMERICAN PLC, UBS HOLDINGS PTY LTD, MINERALS COUNCIL OF AUSTRALIA, CHINA. NATIONAL DEVELOPMENT AND REFORM COMMISSION, QUEENSLAND RESOURCES COUNCIL LIMITED