The chairman of mining giant BHP has admitted China's demand for the company's coal has fallen as fears escalate over a freeze of Australian exports.
BHP Chairman Ken MacKenzie revealed a number of BHP's Chinese customers have asked to defer shipments of Queensland coal. But it is unclear whether the drop in demand relates to quotas or political tensions. Reports surfaced earlier this week that Chinese authorities had instructed local steel mills and power companies to stop buying Australian coal.
No No No No Slowmo from marketing didn’t stuff nothing it’s China just playing there cards by screwing the economy and buy buy buy cheap cheap! Why pay for coal when you can own the whole bloody lot. Plenty of politicians happy to sell Australia for a quick buck and good job!
That’s great news China needs to tell. Orbison to stick his coal up his arse
Good job Scummo & co
Our PM really stuffed up a good trading relationship ... who would have thought our PM could cut our coal exports by 50% and put so many Qld jobs at risk.... how about he stops running a state election campaign and starts doing his job
Better tell that to that FUKWIT mattjcan The COCKHEAD was on the AlanHERBERTjones show last night .saying its all lies, But in the 'Wingnuts defence it was his MUMMY who told him.. MattIsDumbAsDogShit
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China’s latest target: Australian coal importsAustralia is demanding answers from Beijing after reports Chinese customs authorities have been telling companies to stop importing Australian coal. China is not our friend Sweet. We can use the coal here for cheaper energy. Stop supplying China. In 3 months they'll be begging us to sell it to them.
Source: newscomauHQ - 🏆 9. / 77 Read more »
China placing quotas on coal imports is ‘part of their normal process’: PM | Sky News AustraliaThe prime minister has assured any movements on Australian coal on behalf of China is most likely “part of their normal process” as reports have emerged Beijing is halting imports of Australian coal.\n\nPrime Minister Scott Morrison told press in Queensland that Trade Minister Simon Birmingham is “looking at those reports” and will raise any issues which arise with the relevant authorities.\n\nTwo industry newswires have reported the Chinese government has told several state-owned factories and companies to halt exports of Australian coal.\n\nHe said though it is “not uncommon” for domestic quotas to be enforced in China especially in terms of coal.\n\n“It’s not uncommon that from time to time the Chinese government will have domestic quotas to support local production and local jobs,” Mr Morrison said.\n\n“That is not a new thing.\n\n“I can only assume, based on our relationship and based on discussion we have with the Chinese government, that that is just part of their normal process.”\n yeah right... News Corp accepts that. What do you expect of 🇨🇳 China GDP growth at near ZERO⁉
Source: SkyNewsAust - 🏆 7. / 78 Read more »