- Write by:
-
Tuesday, October 13, 2020 - 10:58:24 AM
-
898 Visit
-
Print
Mining News Pro - The Australian Government has approached Chinese authorities for confirmation on speculation that the nation is banning Australian coal imports.
Australian Minister for Trade, Tourism and Investment Simon Birmingham said the federal government was “taking action and having discussions with China” after approaching authorities in the Asian nation overnight.
However, Birmingham has reiterated that the Australian Government has “no evidence to suggest” that Chinese steel makers and power plants have been explicitly told to stop importing Australian coal.
“We have no evidence to suggest that is the case, but I’ve seen those reports,” Birmingham said.
“We’re talking to the industry and we will continue to engage through officials with China to try to secure reassurance on these matters.”
This is not the first time there has been speculation with regard to China importing Australian coal, as trade tensions between the two countries have continued throughout 2020.
However, Birmingham said that previous disruptions between the two nations have always recovered as a result of various different factors, including the application of some domestic quotas in the Chinese system.
“I don’t want to get ahead of ourselves in terms of the speculation there but we are working with industry, taking action and having discussions with China,” he said.
“We’re taking the accusations at a value where we are at least engaging with the Chinese system, seeking a response in relation to those claims that have been aired publicly and are working with Australian industry, as always, to try to save Australian jobs.”
Birmingham made clear that the Australian door remains open for discussion with the Chinese Government about the export of coal for steelmaking, with coal remaining an important part of Australia’s export mix as a reliable energy source for countries throughout Asia, including China.
In the 2019 financial year, Australia’s value of coal export was $69.6 billion.
During the 2018-19 financial period, China imported $14 billion worth of Australian coal.
Short Link:
https://www.miningnews.ir/En/News/606083
Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them ...
Indonesian state-controlled miner Aneka Tambang (Antam) aims to launch the construction of two nickel processing ...
Aluminum prices touched an 11-week high on Monday over concerns over slow recovery in production in China’s Yunnan ...
China’s steel industry is young compared to Europe’s, and its transition to net zero may be slower as it takes a ...
Iron ore futures were mixed on Friday, but set for a weekly gain on mounting anticipation of a pick up in demand in top ...
The Pataz Unified Command, whose members hail from the National Armed Forces and the National Police, detained three men ...
Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential ...
South African coal miner Exxaro Resources is considering potential deals to acquire copper and manganese assets as part ...
A Polish coal mine near the Czech border will be able to continue operating for now, the state news agency PAP reported ...
No comments have been posted yet ...