National dividends of a strong coal industry
COAL HARD FACTS - 2ND EDITION
Thermal coal fuels 41 per cent of global electricity generation because it is reliable and affordable. Metallurgical coal is an essential ingredient in the manufacture of steel.
Australia has the fourth-largest share of coal reserves in the world.
Australia has more than 100 years of production for black coal and approximately 465 years for lignite (brown coal).
Coal benefits all Australians through its contribution to exports, wages, investment and tax revenue.
It is Australia’s comparative advantage in coal – together with iron ore – that has helped to sustain the longest period of continuous economic growth in the nation’s history.
Notwithstanding a cyclical downturn in prices, developing economies – particularly in Asia – will continue to drive robust coal demand for decades to come.