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China brings back coal import tariffs

Move to support money-losing domestic miners will hurt Australian producers

Sydney

CHINA, the world's biggest coal consumer, is piling on the pain for Australian producers by ratcheting up import barriers.

China will re-introduce import tariffs in its latest effort to support money-losing domestic miners, according to a statement published on the Finance Ministry website. This follows the government's move last month to ban the import of lower-quality coal and an announcement asking power utilities to reduce coal imports. "It makes Australian coal less competitive relative...

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