In terms of demand, in the past China has been one of the main consumers of Australian coal. However, as Coal Investing News reported last month, China has introduced a "control coal" policy aimed at reducing pollution by curbing its coal consumption. Its goal is to limit its annual coal use to 4 billion MT by 2015 or 2016.Parkinson's article highlights that point, noting that China's "major ports are currently overstocked with [coal] imports that are not required because of a fall in demand, which in turn has caused the closure of half of its mines in some regions." The country simply does not need Australia's product as much as it did in the past.
GVK, Adani Believe Hope Remains For Australian Coal
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