whitehaven coal exportsBlog

whitehaven coal exports

It’s therefore encouraging to see strong demand for NSW coal across our emerging markets,” Mr Galilee said.“Ongoing export demand indicates solid long term prospects for our state’s coal sector, provided we get the policy settings right here in NSW,” Mr Galilee said. Coal exports grow through the gloom – AFR – Whitehaven Coal 11 June 2015 Coal exports grow through the gloom – AFR Today’s Australian Financial Review contains an interesting column by Matthew Stevens, titled ‘coal exports grow through the gloom’. Stevens writes:He first noted that 280 million Indians lacked access to basic electricity supply, then that the developed world had relied on low-cost coal to power its growth for 150 years, and finally that the developed and developing world needed to better share the responsibility of climate change.“We do understand, and it is indeed incumbent upon us to protect the world to ensure a cleaner planet for the next generation,” he told an energy summit in New Delhi.“However, it is also important to understand the agony of poverty.…the answer lies in science and finding ever-more-efficient ways of burning coal, ever-more-efficient ways of using the electricity it produces and, ultimately, the best possible ways of capturing the CO₂ it produces. Coal remains NSW’s number one export commodity, with new data showing that coal exports continue to grow, defying predictions from some that demand for NSW coal is falling.Data released by Coal Services Pty Ltd reveals that coal exports for the current financial year are up nearly 5%, from 127 million tonnes in 2013-­14 to 133 million tonnes in 2014­-15.Exports of NSW coal to Korea are up 8%, while exports to Taiwan have risen by 21% and across the rest of Asia outside of Japan and China, exports have more than doubled to 15.6 million tonnes over the last nine months.Falls in export volume to China and Japan were more than offset by growth in other markets, including an encouraging more than doubling of exports to India in the current financial year.Japan continues to be the biggest market for NSW coal comprising 40% of total exports, followed by China at 18%, Korea with 17% and Taiwan at 11%.“It’s good for the NSW economy that coal exports are growing steadily across our main international markets,” NSW Minerals Council CEO Stephen Galilee said.“Coal remains vital to the NSW economy. Today’s Australian Financial Review contains an interesting column by Matthew Stevens, titled ‘coal exports grow through the gloom’. But the data says otherwise. Our story began nearly 20 years ago as a private company operating out of the Gunnedah Coal Basin in North West New South Wales – an area which remains our home and the focal point of our growing business. In 2011, coal exports were worth A$47 billion Australian dollars, or US$47.8 billion, with US$15.6 billion coming from exports of thermal coal for power stations. Whitehaven Coal is proud to be the largest Australian-owned producer of HELE (high efficiency, low emissions) power station coal. “In the same report, our coal exports are forecast to increase from 350 tonnes to 410 tonnes by 2040 and Australia’s share of the international coal trade is expected …

In fact, Australian coal is leaving our shores in record volumes.The latest numbers out of NSW are indicative of the national trend. Coking coal generated A$22.4 billion of export revenue in 2012/13 financial year with thermal coal … If you have a AFR subscription, you can read the full article at this link: …you could be forgiven for imagining coal is on its last legs. Whitehaven Coal, Australia’s largest dedicated coal miner, says a US-China trade war truce will help revive demand for coal exports, as it tries to bounce back from a production slump caused by bushfires and a worker shortage. Whitehaven Coal exports 21 million tonnes While the amounts it sells locally are negligible, Whitehaven Coal exports 21 million tonnes of the fuel to Japan, China, South Korea, Taiwan and India, where there has been much investment in modern high energy low emissions (HELE) power plants. Quarterly Report to 30 June, 2019 Quarterly Report to 31 March, 2019 Quarterly Report to 31 December, 2018 Quarterly Report to 30 September, 2018

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