Jul 11, 2019

New record set in coal exports

New record set in coal exports More than 21.4 million tonnes of thermal and metallurgical coal exports in June represented a new record said the Queensland Resources Council.

More than 21.4 million tonnes of thermal and metallurgical coal exports in June represented a new state record said the Queensland Resources Council.

It was an 11 percent increase on the same month last year highlighting the increased demand from world markets for Queensland coal, said QRC Chief Executive Ian Macfarlane. 

“Queensland’s coal is the commodity of choice with our high quality thermal coal needed to power high efficient, low emissions coal-fired power plants in Asia and our metallurgical coal used to make steel is building the bridges and skyscrapers in modern cities,” Mr Macfarlane said.

“The 215,00 men and women working across Queensland’s coal industry can be proud of this achievement and it means more jobs and more revenue for Queensland. Last financial year Queensland’s resources sector paid a record $5.2 billion in royalty taxes with coal contributing $4 billion ($12 million a day) to the Government to help build new schools, hospitals and roads.

“But if we are to support jobs at home and export to the world it is essential that we have stable and reliable regulation for our resources sector in order to attract new investment which benefits every Queenslander. People want industry and Government to work together with communities and wider society to promote effective, constructive, and mutually beneficial relationships.”

The data from Queensland’s major ports found the majority were operating above average monthly volumes with the Port of Gladstone recording a 5 million tonne increase in coal exports resulting from improved efficiencies and growing demand from overseas customers, said Mr MacFarlane.

“Queensland’s exports from all resources earnt over $70 billion for the 12 months to May this year for the first time which represents 81 percent of the State’s record export earnings of $85.8 billion,” he said.

“In dollar terms, exports from the resources sector – coal, minerals and gas – are worth more than $190 million every day.” 

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