Queensland’s coal industry has stayed true to form by again revealing its significance to the State’s economy, according to new data from the Queensland Resources Council (QRC).
Delivering record exports over the year to December 2018, QRC Chief Executive Ian Macfarlane said the data from Queensland’s ports revealed total coal exports of 223 million tonnes (mt) had surpassed the last record by 2mt 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."
Mr Macfarlane said Queensland coal had been exported to 30 different countries or territories. These included 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,” he said.
“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.”
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.
http://www.nationalminingchronicle.com.au/news/18807-queensland-coal-breaks-record
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