China’s Australia coal restriction provides Banpu, Bumi Resources with opportunity

Australia 110 China 2899 Energy - Coal 57 Energy - Conventional 432 Indonesia 87 Materials - Metals/Mining 708 Sanctions 134

China’s National Development and Reform Commission has reportedly formalized restrictions on imports of Australian coal. If confirmed that extends the geopolitical spat with Australia. There does not appear to be a path to reconciliation, with Australia set to dispute the measures – alongside those covering a variety of other products – at the WTO. The coal restriction opens up opportunities for other suppliers including those in Russia, Mongolia and Indonesia. The latter represented 15.8% of China’s coal imports in 2019 versus Australia’s 49.3%. Indonesian coal exports to China nonethel...

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