Via The Australian:
Analysts have sounded a warning over short-term earnings at thermal coal exporters after a slump in demand sent prices to the lowest levels in more than a year.
The slump came as Australian politicians engaged in another round of brawling over approvals for Adani’s 28 million-tonne-a-year Carmichael thermal coal mine in Queensland, driven by pressure from falling liquefied natural gas prices and China’s reluctance to admit Australian coal shipments through its ports.
