Noosa News
Qld mine on the brink as China coal ban delivers $6b blow
While the resources sector kept the country going during the COVID-19 shutdown, the industry has been dealt a $6 billion body blow by China’s “informal restrictions” on Aussie coal.A Federal Government report, Resources and Energy Quarterly, to be released today warns of difficult conditions with China’s actions creating “the largest ever fall in (coal) exports” in the September quarter and the “its largest fall for more than 30 years in 2020”.It warns the “potential closure” of…
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