China to suspend all imports of coal from North Korea

[Eugene]

Source: Reuters

COMMODITIES | Sat Feb 18, 2017 | 6:05am EST

China to suspend all imports of coal from North Korea

China will suspend all imports of coal from North Korea starting Feb. 19, the country's commerce ministry said in a notice posted on its website on Saturday, as part of its efforts to implement United Nations sanctions against the country.

The Ministry of Commerce said in a short statement that the ban would be effective until Dec. 31.

The ministry did not say why all shipments would be suspended, but South Korea's Yonhap news agency reported last week that a shipment of North Korean coal worth around $1 million was rejected at Wenzhou port on China's eastern coast.

The rejection came a day after Pyongyang's test of an intermediate-range ballistic missile, its first direct challenge to the international community since U.S. President Donald Trump took office on Jan. 20.

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Read more: http://www.reuters.com/article/us-china-coal-northkorea-idUSKBN15X09M

[randr]

1. It will be difficult to determine if this makes the lives of N. Korean miners better or worse

If it is a first move to bankrupt N. Korea by China it is a long time coming. The fall of this empire will not be a pretty thing to watch.