Mining Tax & Finance: Outlook divided in Asian met coal spot market on abolition of Chinese tax

The Asian seaborne metallurgical coal spot market on Monday November 17 was divided on the removal of China’s import tax on coal under the country’s free-trade agreement with Australia. After officially concluding its negotiations with Australia on the pact on Monday, China has agreed to lower the duties it recently started imposing on imports of coking coal and thermal coal.

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