Coronado Confident Of Chinese Demand For Australian Coal

Coronado Global Resources is hopeful that China’s suspension of Australian coal imports may have a positive long-term effect, with the impact to be offset by global steel producers restarting activities.

The coal miner stated that while the nature and duration of the import restrictions are unclear, they may reflect largely fulfilled Australian coal import quotas.

Company chief executive officer Gerry Spindler said that while the Curragh mine does not regularly supply Chinese customers, the company was still impacted by the fall in benchmark pricing.

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