This is a gutsy comment from a senior individual at listed CNR. Kudos (in 'The Australian' online on Friday 13 January 2023):
"...Gerhard Ziems, chief financial officer at
Coronado Global Resources Inc., which runs coal mines in the U.S. and
Australia, said exporters are mindful of the cost and disruption caused
by the ban, which Beijing never formally declared was in place. China
used to buy roughly a quarter of Australian coal shipped overseas.
“We are all happy that trade flows have
readjusted,” said Mr. Ziems. “People don’t want to expose themselves too
much anymore. We have seen what happened, and it could happen again.”
Other executives have privately expressed a similar view..."
Ann: Company presentation, page-26
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