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QLD Coal keeps breaking Records

Queensland’s coal industry has yet again demonstrated its critical importance to the State’s economy delivering record exports over the year to December 2018, said the Queensland Resources Council (QRC). QRC Chief Executive Ian Macfarlane said new data from Queensland’s ports revealed total coal exports of 223 million tonnes (mt) surpassing the last record by 2 mt set in 2016.

 
“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 – Argentina, Brazil, Chile, China, England, Finland, France, Germany, Hong Kong, India, Indonesia, Italy, Gibraltar, Japan, Malaysia, Netherlands, Philippines, Poland, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, Ukraine, Vietnam and Wales. 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 (IEA) Australia’s net exports of coal is forecast to increase by 20 percent 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."
 
In addition, Queensland LNG from the Port of Gladstone recently set a new export record of 20.58 million tonnes (mt) in 2018.

“Every tonne of coal and all resources exported brings in royalty taxes, which help pay for Queenslanders’ roads, schools and hospitals, and pay for the teachers that educate our children, the nurses and doctors who look after our health and the police force that keeps us safe,” Mr Macfarlane said.

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

Source: QRC

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