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China-Australia relations: Australian miner BHP ‘not banking on’ coal ban to be lifted any time soon

Summary:
[unable to retrieve full-text content]BHP Group expects China’s ban on imports of Australian coal to continue for some time, a policy that has dented the top global miner’s coal returns, chief executive Mike Henry said on Tuesday.BHP acknowledged that its coal business, which is under review for sale or spin off, has taken a hit due to a trade spat between Australia and China that the miner does not expect to be resolved any time soon.“We’re certainly not banking on any near term resetting of that policy,” Henry said.On Tuesday,…

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[unable to retrieve full-text content]
BHP Group expects China’s ban on imports of Australian coal to continue for some time, a policy that has dented the top global miner’s coal returns, chief executive Mike Henry said on Tuesday.BHP acknowledged that its coal business, which is under review for sale or spin off, has taken a hit due to a trade spat between Australia and China that the miner does not expect to be resolved any time soon.“We’re certainly not banking on any near term resetting of that policy,” Henry said.On Tuesday,…
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