Tag: Thermal coal stock
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India: South African coal portside prices surge as China bans Australian coal
On Saturday, China’s NDRC (National Development and Reform Commission) met 10 major power companies on the weekend and granted approval for them to import coal without clearance restrictions, except for Australia. The country has decided to prioritise imports from Mongolia, Indonesia and Russia, and power producers have been assured that they don’t have to pay more than RMB 640/t…