Australia’s coal exports set new record in 2017

7th February 2018

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Australia’s coal exports value reached a new record of $56.5-billion in 2017, Minerals Council of Australia coal executive director Greg Evans said on Wednesday.

The new coal export value record, at 35% higher than in 2016 and $10-billion higher than the previous record of $46.7-billion in 2011, indicates the strength of Australia’s second-largest export.

Iron-ore exports held the top spot with an export value of $63.3-billion.

During 2017, 200-million tonnes of thermal coal exports, worth $20.8-billion, had been reported, along with 172-million tonnes of metallurgical coal exports, valued at $35.7-billion.

Asia, from established north Asian markets to the fast growing economies of Southeast Asia and India, remains the top export destination.

“Southeast Asia is emerging as a significant new market for Australian coal owing to its recent investments in high efficiency, low emission coal-fired power plants significantly reducing greenhouse gas emissions. Exports to this market were worth about $2-billion in 2017,” said Evans.

Export revenue coal continues to make a significant contribution to the domestic economy and provides 75% of the generation in the National Electricity Market, over 51 000 direct jobs and $5-billion in royalties every year.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION