Jan 15, 2019

Record coal export figures hailed

Record coal export figures hailed The Queensland Resources Council has welcomed the news that 223 million tonnes of coal was exported last year.

Queensland’s coal industry has yet again demonstrated its critical importance to the state’s economy by delivering record exports in 2018, according to the Queensland Resources Council.

QRC chief executive Ian Macfarlane said new data from Queensland’s ports revealed total coal exports of 223 million tonnes in 2018, which beat the previous record set in 2016 by two million tonnes.

“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,” Mr Macfarlane 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 (around the world).                                                                                 

“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.

“According to the International Energy Agency, Australia’s net exports of coal is forecast to increase by 20 per cent 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.” 

The record coal export follows recent figures showing the Port of Gladstone set a new LNG export record of 20.58 million tonnes in 2018.

QRC’s current economic data shows the coal industry contributed $43.4 billion to Queensland’s economy in 2017-18 and invested $13.1 billion with local businesses and community organisations.

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