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Beijing loosens coal ban for Australia

China has eased its unofficial ban on imports of Australian coal. Three major power utilities and a state-owned steelmaker received permission from Beijing’s leadership to import coal from Australia, Reuters reported, citing several people familiar with the matter. The National Development and Reform Commission (NDRC) reportedly already informed power suppliers Datang, Huaneng Group and Energy Investment Corporation, as well as steelmaker Baowu Steel, in a citation on Tuesday. The companies will be allowed to resume importing Australian coal for their own use.

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