SINGAPORE : China's state planner has allowed three central government-backed utilities and its top steelmaker to resume coal imports from Australia, the first such move since Beijing imposed an unofficial ban on coal trade with Canberra in 2020.The partial easing of the coal import ban comes after the Au
SINGAPORE : China's state planner has allowed three central government-backed utilities and its top steelmaker to resume coal imports from Australia, the first such move since Beijing imposed an unofficial ban on coal trade with Canberra in 2020.
The National Development and Reform Commission summoned China Datang Corp, China Huaneng Group, China Energy Investment Corporation and China Baowu Steel Group on Tuesday to discuss the resumption of coal imports from Australia, two people familiar with the matter said. The NDRC did not respond to a request for comment. The four companies named did not immediately respond to a request for comment outside office hours.
Australia used to be the second largest coal supplier to China before the ban, accounting for nearly 30 per cent of China's coal imports or more than 70 million tonnes of supply. Chinese buyers favour high-quality thermal coal and coking coal.
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