Bloomberg

Record U.S. Coal Shipment to China Highlights Australia’s Pain

(Bloomberg) — China’s import ban on Australian coal is proving a boon to U.S. producers.On June 28, the Frontier Unity bulk vessel left the port of Newport News, Virginia with a 136,400-ton cargo bound for steelmakers in China. It was the biggest shipment of its kind from a U.S. east coast port, according to miner Coronado Global Resources Inc. For Coronado, it marks a stark turnaround in the fortunes of its U.S. mines, which were temporarily idled in March last year after pandemic lockdowns cr

Read More