Author: Aditya Sinha
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Australian coal prices heading for downfall on possible import ban in China
Chinese state-owned power utilities and steel mills had recently been notified to stop importing Australian thermal and coking coals with immediate effect. Four government-owned enterprises – namely Huaneng Power International, Inc., Datang International Power Generational Co.,Ltd., Huadian Power International Corp. Ltd. and Zhejiang Electric Power Co.,Ltd. – were heard to have received the verbal notification…