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Business trends

China, Indonesia and India emerge as miners of Australia's coal

Western companies under pressure to divest fossil fuel assets

A Glencore mine in Australia. The company has vowed to cap coal production over environmental concerns. (Photo courtesy of Glencore)

SYDNEY -- The face of Australian coal production is changing as investors focused on environmental, social and governance factors push local miners to sell off fossil fuel assets, often to emerging players in Asia who must feed the region's growing appetite for energy.

"Given our decision to strengthen our business and exit coal, we are now the only major mining company with a fossil-fuel-free portfolio, which means we are well-positioned to continue to a low-carbon future," Jean-Sebastien Jacques, the CEO of Anglo-Australian miner Rio Tinto, said last month.

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