Australia's lost China exports others' gain: Glasenberg
London | Mining and trading giant Glencore has stepped up shipments of thermal coal to China from other countries since Beijing froze out Australian imports, chief executive Ivan Glasenberg revealed.
"China will still import about 185 million tonnes of thermal coal this year, which is similar to last year. I think they will maintain that target. So what Australia is losing is coming from other sources of supply," he said.
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