Australian coal miners gain after China imposes tariffs on US coal

Coronado Global Resources

05/02/2025 03:27

** Shares of Australian coal miners help prop up the
domestic mining sub-index  .AXMM 
    ** China, top consumer of coal, hit back at the U.S. with
retaliatory tariffs, which includes a 15% levy on U.S. coal 
    ** Coal duty is expected to increase the commodity's price
    ** Shares of Whitehaven Coal  WHC.AX , Australia's largest
independent coal miner, rise 2.9% to A$6.275, jumping the most
since Jan. 14
    ** Stanmore Resources  SMR.AX  jumps 2.4% to A$2.765, most
since Jan. 14, while Coronado Global Resources  CRN.AX  is up
3.4%
    ** Aussie mining index  .AXMM  is up 1.8%

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))