Australian government aware of reports Chinese companies 'given notice' to stop importing coal

Global commodities newswire platform S&P Platts on Monday reported that four utilities had received a “verbal notice” to stop using Australian thermal and coking coal imports"with immediate effect" on 9 October.Australian Trade Minister Simon Birmingham.

“Australia will continue to highlight our standing as a reliable supplier of high grade resources that provide mutual benefits," Mr Birmingham said in a statement to SBS News.Thermal coal, used to generate power, is one of Australia's top three exports to China, and the market is worth around $14 billion a year, according to recent Department of Foreign Affairs and Trade figures.

The country is also heavily reliant on Australia's coal, with Australian imports making up 35 per cent of the coal used in electricity generation.According to S&P Global Platts Analytics, Australian thermal coal exports to China have been fairly resilient despite Chinese coal import quotas being hit at some ports as early as April this year.

China's National and Development Reform Commission also told several state-owned utilities to limit imports on 18 May.The report, citing unnamed sources, said a timeline for the Australian coal ban remains unclear. If confirmed, the move would be another blow to an already fragile trade relationship between Australia and the emerging superpower.

Wish everyone would stop ordering coal

Thanks to stupidity of Morrison and his allegiance to Trump. The cost of the State Dinner should not have included this..

If you keep poking your biggest trading partner in the eye what do you expect?

Use it here! Federal govt to build 2 hele coal fired power plants in every state and territory that wants them, lower power prices and guarantee heavy industry, we are shooting ourselves in the foot auspol nswpol springst qldpol qldvotes

Aus should play hardball, since China has a record of not keeping promises- see US soy beans. Tell China that Aus will sell to other coal importers and that China won't have a seat at the table to buy coal when they need to. Fuck off, China.

So stop importing tat from China.

Diplomacy at its best when you have to learn about it from ‘media reports’.

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Chinese companies given 'verbal notice' to stop importing Australian coalThe Australian coal industry is bracing for another hit to Australian exports to China after state-owned energy providers and steel mills reportedly received verbal notice to stop importing Australian coal | ErykBagshaw micksfoley ErykBagshaw micksfoley Great news, we can use it for our own manufacturing industry and boycott china!!!!!! realDonaldTrump ScottMorrisonMP ErykBagshaw micksfoley Good, I'm sure India will happily buy it. If we didn't have Leftists in government we could use it. ErykBagshaw micksfoley Coal is dead. The future is in renewables.
Fonte: theage - 🏆 8. / 77 Leggi di più »

Chinese companies given 'verbal notice' to stop importing Australian coalThe Australian coal industry is bracing for another hit to Australian exports to China after state-owned energy providers and steel mills reportedly received verbal notice to stop importing Australian coal | ErykBagshaw micksfoley ErykBagshaw micksfoley It’s a harsh move of China, yet again, but there are other countries on this earth who will buy it - and won’t hold us to ransom. ErykBagshaw micksfoley Glad you guys have a “Plan B”! You’d be fucked otherwise. 😳😳😳😳😳😳😳 ErykBagshaw micksfoley Australian and China are greet frinds but they must sit down ;;;;;;;
Fonte: smh - 🏆 6. / 80 Leggi di più »