Yancoal speaks with forked tongue — on results of China ban
A number one Australian coal exporter talks fairly to its Chinese language bosses. Direct and sincere? Not a lot.
Yancoal Australia is one in every of Australia’s main coal exporters, and being managed by a state-owned enterprise in China you’d have thought it could have some discovered a method round — or been exempted from — bans on Australian coal imports that China has issued to punish it for looking for an unbiased rationalization of the origin of COVID-19.
However nope. Not even being a part of a significant state-owned enterprise has helped (its guardian, Yanzhou Coal Mining firm, is one in every of China’s main miners, and its guardian is Yankuang Group Firm Restricted is a company descendant from the state-owned restructured Yanzhou Mining Bureau).