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China coal ban showing no signs of letting up, South32 boss says


China coal ban showing no signs of letting up, South32 boss says
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The head of diversified miner South32 can’t see China’s ban on Australian coal imports ending any time soon.
Weaker coal prices contributed to an 8 per cent dent in South32’s revenue, down from $3.21 billion to $2.94 billion from July to December 2020.
South32 mines coal in the Illawarra region of NSW.
This drop was driven largely by lower realised prices for its metallurgical coal, which took a $US145 million hit due, in part, to China’s trade spat with Australia and an ensuing ban of Australian coal imports in October. ....

New South Wales , South Africa , South Korea , Hamish Hastie , Wale Independent Planning Commission , South Africa Coal , New South Wale Independent Planning Commission , Kembla Heights , Greater Sydney , புதியது தெற்கு வேல்ஸ் , தெற்கு கொரியா , ஹமிஷ் அவசரம் , வேல் சுயாதீனமான திட்டமிடல் தரகு , புதியது தெற்கு வேல் சுயாதீனமான திட்டமிடல் தரகு , கேம்பிள உயரங்கள் , அதிகமானது சிட்னி ,