MANAGEMENT

Coal export record broken

The total export figures surpassed the previous record by 2Mt.

QRC CEO Ian Macfarlane.

QRC CEO Ian Macfarlane.

Dalyrmple Bay Coal terminal exported 69.5Mt, while Port of Gladstone, which includes the Wiggins Island Coal Export Terminal and RG Tanna, exported 67.9Mt.
 
The total export figures surpassed the previous record by 2Mt, which was set in 2016, according to Queensland Resources Council CEO Ian Macfarlane.
 
"Countries around the world are using our metallurgical coal to make steel needed for building modern cities and our high quality thermal coal is delivering tomorrow's energy needs through high efficiency, low emission coal-fired power plants," he said.
 
"Green activists continue to claim the world is turning away from coal but the data proves it's an essential ingredient for the world economy to grow."
 
Queensland coal was exported to 30 different countries or territories - Argentina, Brazil, Chile, China, England, Finland, France, Germany, Hong Kong, India, Indonesia, Italy, Gibraltar, Japan, Malaysia, Netherlands, Philippines, Poland, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, Ukraine, Vietnam and Wales.
 
"This record can only be achieved through the hard work and world-class standards set by the 215,000 Queenslanders who work in or with the coal industry," Macfarlane said.
 
"According to the International Energy Agency, Australia's net exports of coal is forecast to increase by 20% by 2040 while the Office of the Chief Economist said Australia's coal earnings are on target to generate more than $67 billion in 2018-19 making it Australia's largest commodity export."
 
QRC's economic data shows the coal industry contributed $43.4 billion to the state's economy in 2017-18 and invested $13.1 billion with local businesses and community organisations.
 

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions