Australia’s thermal coal exports grow in FY2013/14
Published by Jonathan Rowland,
Editor
World Coal,
Australia’s exports of thermal coal in the July 2013 – June 14 financial year are estimated to have increased by 6% to 192 million t, according to the latest Resources and Energy Quarterly from the Bureau of Resource and Energy Economics (BREE). This increase was supported by higher production at a number of operations, including Glencore’s Ulan and Ravensworth North Opencut mines and Bulga Coal’s Beltana mine.
The increase in production offset a decline in prices with earnings increasing to AU$16.5 billion – a 2% increase on the previous year.
Australia’s thermal coal exports. Source: Resources and Energy Quarterly (BREE; June 2014).
BREE’s forecast for the 2014 – 2015 year sees exports wising by a more modest 2.2% to 197 million t. However, a relatively strong Australian dollar and lower prices are expected to impact earnings, which are expected to drop to AU$ 15.2 billion.
Written by Jonathan Rowland
Read the article online at: https://www.worldcoal.com/handling/26062014/australia_thermal_coal_exports_grow_in_fy2013-14_coal1024/
You might also like
Innovating sanitation: New technologies transforming mining camp health
Mining sites are full of health and cleanliness hazards, which require camps to take more advanced precautions to preserve their workforce. From constructed wetlands to AI, plenty of disruptive technologies are changing the landscape.
