Pain for Australia’s Coal Miners as China Buys Local


Pain for Australia’s Coal Miners as China Buys Local
Pain for Australia’s Coal Miners as China Buys Local . Details Published: 16 July 2020 . Chinese power generators are paying 60% more to buy coal from Chinese . mines rather than from exporters such as Australia, highlighting how protectionism and geopolitical tensions are adding to the “pain” being felt across the Australian coal sector.


Leading Sichuan Coal Miner Pulled Into Bankruptcy – Caixin …
Sichuan’s largest coal miner has been forced into bankruptcy by its creditors, becoming one of the sector’s largest such cases to date as the industry suffers from prolonged overcapacity. Oversupply in China’s coal industry for the last eight years has prompted Beijing to launch a campaign to weed out many of the nation’s smaller, less …


Australia’s mining exports hit $278bn – but bonanza at …
Mar 29, 2019Australia is the second largest exporter of thermal coal in the world, with 208m tonnes worth $26bn exported last year. About 20% of that went to China.


China, Indonesia and India emerge as miners of Australia’s
China’s Yanzhou Coal Mining, through local unit Yancoal Australia, bought Rio Tinto mining subsidiary Coal & Allied in 2017. It also acquired Mitsubishi Corp. ‘s stake in the Warkworth mine last …


Boost in Chinese coal raises hopes of end to Australian …
A mining industry source close to the issue, who preferred to remain anonymous, said China’s aim was to put its coal sector on the front foot to help boost its broader economy.


Where does Australia’s coal go? [infographic] – Australian …
Australia is the world’s largest coal exporter, – accounting for 35 per cent of all coal exported – with the majority of the tonnages travelling to our nearby neighbours in Asia.


Chinese traders freeze Australian coal orders amid 40-day …
A coal broker at China’s state-backed mining group Minmetals said he had asked clients to put Australian imports on hold. The delays have been a large contributor to slump in Australian coal prices.


China top concern for mining and metals – Australian Mining
China top concern for mining and metals. January 24, … In line with other reports suggesting coal will become Australia’s biggest commodities export in 2018-2019, …


Coal companies of Australia – Wikipedia
Anglo Coal Australia Ltd. Anglo Coal Australia Ltd owns and operates a number of mines in Queensland and New South Wales.. Mines. Callide mine: is a leading Queensland domestic coal producer providing low-sulphur, sub-bituminous thermal coal primarily for domestic power generation. The coalfields cover an area of 180 square kilometres and contain seams up to 26 metres thick.


Australian coking coal producers seen losing market share
A powerful cyclone in Australia has put supply of coking coal at risk, forcing big buyers like China and Japan to scour the world for alternative supplies and fuelling a rally in prices as the …
TPMS Tool