BULKS

"We have stopped ordering coal from Australia…"

Chinese traders reportedly hit pause due to customs delays

Staff reporter
Coal cargoes affected. Image: iStock.com/fly1210

Coal cargoes affected. Image: iStock.com/fly1210

Traders and a broker told Reuters only cargoes from Australia, the biggest supplier of the fuel to the world's top consumer, were affected.

"We have stopped ordering coal from Australia because it is unknown how long the restriction will last," a manager at a Shanghai-based trading company, who usually buys around 400,000 tonnes of Australian coal every month, told the wire service.

Coal was Australia's number one export earner in 2018, according to recent data from the Australian Bureau of Statistics.

Reuters said it was not clear why China had stepped up checks on Australian imports and the country's General Administration of Customs had not responded to a request for comment.

In a post-earnings conference call yesterday, BHP CEO Andrew Mackenzie played down any suggestion the customs delays had any connection to recent Beijing-Canberra diplomatic tensions, Reuters said.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.