Aus coal trade up despite Chinese woes
PERTH (miningweekly.com) - The value of Australia’s coal exports increased by 26% in the month of December, compared with November, despite the ongoing trade tensions with China.
Data from the Australian Bureau of Statistics (ABS) has shown that coal exports were worth A$3.7-billion to the Australian economy in the month of December, as exporters looked to fill gaps in international markets, said federal Resources Minister Keith Pitt.
“In the middle of the northern hemisphere winter, it’s not surprising that thermal coal accounted for most of the increase to meet the demand from power utilities. Coal sales to Vietnam and India were stronger, reaffirming the competitiveness of Australian coal, and its reputation for high quality in global markets,” Pitt said.
“This again reinforces the importance of coal as an Australian export commodity and that it will remain so for many more years to come.”
Hard coking coal sales value was up by 38% during the month of December, or by A$501-million, and the ABS noted that while hard coking coal exports to China had diminished since mid-2020, increased exports to India, Japan and South Korea have offset some of the fall.
“The trade data also confirms that despite the global challenges presented by the Covid-19 pandemic, Australian resources and energy exports were valued at a phenomenal A$272.5-billion in the 12 months to December,” Pitt said.
“The result is a great testament to the work of our resources industry to maintain full operations throughout 2020 as the coronavirus pandemic wreaked havoc on many other industry sectors across the world.
“These results are also an encouraging sign that many countries are looking to resume industrial production as economies recover and that is good news for the Australian resources sector,” Pitt said.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...
VISIT SHOWROOM
Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
