China Moves to Curb Pollution, Help Coal Industry

Reuters reported that to help its struggling coal sector and tackle its pollution problems, China plans to “raise its threshold for coal imports, tighten approvals for new coal mines and push industry consolidation.”

As quoted in the market news:

Details on the thresholds for sulphur and ash content are still being worked out, the country’s State Council, or cabinet, said in a document issued late on Wednesday, adding that it would encourage imports of high-grade coal.

The proposals, if implemented, would benefit Australian miners who produce low-ash coal of high calorific value, and threaten the export prospects of Indonesia’s low-ranked coal miners.

Click here to read the full Reuters report.