By national resources reporter Sue Lannin The coal industry, Federal Government and some analysts have disputed predictions that new Chinese coal regulations will dent exports. The Chinese Government plans to impose restrictions on local production and imports of dirty coal which have high levels of ash, sulphur and other chemicals. While national restrictions are relatively loose, China is imposing tighter standards for several of its large coastal cities. The Federal Government says Australian producers will benefit from the ban, but Macquarie and ANZ analysts warn tens of millions of tonnes of Australian thermal coal exports - used for generating power - could be hit. More » |
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