The Queensland Resources Council says changes to China's coal import policy will not impact the local industry.
The Queensland Resources Council says changes to China's coal import policy will not impact the local industry. Colette Landolt

Qld coal industry not shaken by China import changes

CHANGES to China's coal import policy is not expected to affect the Queensland coal industry.

The Queensland Resources Council says a Chinese draft proposal limiting the importing of thermal coal with more than 16% ash and 3% sulphur will not impact the majority of Queensland coal exported to China.

A QRC statement said more than 70% of exported Queensland coal was coking coal used to make steel rather than thermal coal which the policy targeted.

Of the thermal coal Queensland does export the QRC said it was "predominantly low ash, low sulphur".

Peabody Energy backed up the statement, saying the proposed would benefit the Australian coal industry.

The private coal mining body believes Australian coal would be more in demand if the policy was approved.

Peabody chief Gregory H Boyce said there was a "fundamental mismatch" in the early reporting of the policies and the impacts it was expected to have on the Australian industry.

Mr Boyce said a growing Indian market for coal was also likely to benefit the Australian market.

The Chinese draft has been designed to decrease smog in major cities like Beijing and Shanghai.

The statement from Peabody applauded the Chinese decision to cut emissions.

Coal miner and Fairfax MP Clive Palmer said during the week the Chinese draft policy was a "good move" and "good for the environment."

Mr Palmer, who has been trying to build a coal mine in the Galilee Basin in western Queensland, said Australia's clean energy reserves would continue to give it an advantage over international competitors.

- APN NEWSDESK



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