AUSTRALIA SET TO ONCE AGAIN BE THE WORLD’S LARGEST COAL EXPORTER
The latest Resources and Energy Quarterly published by the Department of Industry confirms that coal has a bright future in Australia and is once again set to be the world’s largest coal exporter by 2017.
Data contained in the latest report emphatically refutes claims by industry detractors that coal is in decline. While lower prices will continue to present a challenge for the industry, longer term demand fundamentals remain strong.
The process of industrialisation and urbanisation in Asia underpins the positive outlook for Australian coal, with our metallurgical coal and thermal coal playing an integral role in meeting steel making demand and the provision of affordable and reliable base load energy.
Australian coal is in demand across a diversity of markets notably Japan, China, India, Taiwan and Korea while many fast growing ASEAN countries will increasingly look to Australia as a reliable supplier of thermal coal for their electricity generation requirements.