Queensland coal news

Byerwen coal mine in Queensland, Australia, has taken delivery of the 5000th Cat ® 793 mining truck, 27 years after the first vehicle was produced.

South32 has completed the acquisition of 50% interest in the Eagle Downs metallurgical coal project and has assumes operatorship.

Ian Macfarlane, Queensland Resources Council Chief Executive, has said that the resources sector is helping to cut the state’s unemployment rate, despite it rising by 0.1% to 6.3%.

Since the 2015 State election, coal exports have increased by AUS$15.2 billion to AUS$33.5 billion and commodities such as LNG, alumina and semi-soft metallurgical coal have increased by AUS$15.1 billion - 21.4 billion over the same period.

The addition of CleanCo will be another step in making Queensland the energy superpower of Australia, says QRC.

“In recent times, we’ve seen him make several visits to some of our resources heartlands in Central and North Queensland. And we know he’s a fan of the coal industry, which he proved on the floor of Parliament.”

Queensland is the ideal case study on how to deliver power affordability, reliability and emissions reductions under the NEG, states QRC.

The ship the Sea Shepherd crew is using to sail up the Queensland coast is a product of resources, most notably coal.

Resources account for about 80% of Queensland’s exports and over the last two years the sector has benefitted from elevated prices and a strong tailwind from larger volumes.

Coal royalties reached a record AUS$3.768 billion in this year’s Queensland budget.