A leading Australian coal exporter talks pretty to its Chinese bosses. Direct and honest? Not so much.
Yancoal Australia is one of Australia’s leading coal exporters, and being controlled by a state-owned enterprise in China you’d have thought it would have some found a way around — or been exempted from — bans on Australian coal imports that China has issued to punish it for seeking an independent explanation of the origin of COVID-19.
But nope. Not even being part of a major state-owned enterprise has helped (its parent, Yanzhou Coal Mining company, is one of China’s major miners, and its parent is Yankuang Group Company Limited is a corporate descendant from the state-owned restructured Yanzhou Mining Bureau).
Yankuang is the fourth-largest state-owned coal mining group in China. Wikipedia lists its key person as the chairman and “party secretary”.