News Wrap

IN THIS morning’s News Wrap: Anglo American coal rejected by China's new testing regime; local iron ore juniors under pressure; and Adani hires political operatives to make its case.

Lou Caruana

Anglo American coal rejected by China's new testing regime

Chinese sources say Anglo American's coal mines in the Hunter Valley produced the coal that was turned back from Chinese ports earlier this year under the Middle Kingdom's controversial new coal testing regime, according to the Sydney Morning Herald.

Coal has traditionally been tested for ash and sulphur levels, but Chinese customs, who preside over the second largest market for Australian coal, have recently started testing coal arrivals for fluorine and phosphorus as well.

Local iron ore juniors under pressure

Significant cost reductions made over the past nine months may not be enough to buffer Australia's smaller iron ore producers from further deterioration in the iron ore price, according to the Sydney Morning Herald.

Despite impressive cost-cutting efforts, most of the local sector's junior and mid-tier iron ore miners are again marginal at current prices after a renewed price slide.

Adani hires political operatives to make its case

The Indian mining company behind Australia's largest new coal development has hired influential figures from both sides of politics as it moves to convince governments of the benefits of its mine in Queensland, according to the Sydney Morning Herald.

Adani plans to build the massive Carmichael mine which would produce up to 60 million tonnes of coal a year for shipment through the Great Barrier Reef.

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