How big is the coal industry in Australia?
About the Minerals Council of Australia In 2019-20 Australia exported 213 Mt of thermal (energy) coal worth $20.6 billion and 177 Mt of metallurgical (steel-making) coal worth $34.6 billion. The Australian coal industry paid over $5.2 billion in royalties in 2019-20, including: Queensland – $3.5 billion.
Who is Australia’s biggest coal mining companies?
Australia’s top three coal producers, Glencore, BHP and Yancoal, recorded hefty profits last year from coking and thermal coal. These three companies control well over half of Australian black coal production and all have said they are enjoying great cash margins (reflecting profit after operating costs) of about 45%.
Where are Australia’s coal mines?
Australia’s principal black coal producing basins are the Bowen (Queensland) and Sydney (New South Wales) Basins. Locally important black coal mining operations include Collie in Western Australia, Leigh Creek in South Australia and Fingal and Kimbolton in Tasmania.
How long has coal left in Australia?
Coal Reserves in Australia Australia has proven reserves equivalent to 1,231.3 times its annual consumption. This means it has about 1,231 years of Coal left (at current consumption levels and excluding unproven reserves).
Is Australia the world’s largest coal exporter?
In 2016, Australia was the biggest net exporter of coal, with 32% of global exports (389 Mt out of 1,213 Mt total). It was still the fourth-highest producer with 6.9% of global production (503 Mt out of 7,269 Mt total). 77% of production was exported (389 Mt out of 503 Mt total).
Where is Australia’s biggest coal mine?
The Peak Downs coal mine is located in the Bowen Basin of central Queensland and is currently the country’s biggest coal mine by recoverable reserves.
How much coal does Queensland produce and export?
Queensland produced 251.2 million tonnes (Mt) of saleable coal in 2018-19, comprising around 62% metallurgical coal and 38% thermal coal. Close to 90% of Queensland coal is exported overseas, with the State’s key export markets for both metallurgical coal and thermal coal including China, India, Japan and Korea. WEO Report and IEA findings
How do I explore for coal in Queensland?
To explore for coal, you need an exploration permit for coal. You can apply through a call for tenders. For more information on exploring and investing in Queensland, see the following resources. Queensland exploration and investment resource package is a comprehensive guide for potential explorers and investors.
How can I get more information about coal?
You can download annual coal statistics and quarterly coal statistics, which we compile from returns submitted by industry. For more detailed statistics, download the coal industry review statistics. To explore for coal, you need an exploration permit for coal. You can apply through a call for tenders.
Where can I find information about investing in Queensland mining?
Read about investing in Queensland mining for information on investment support, exploration opportunities and current tenders. Search for applications, grants or resource authorities in an area using our free public search services. Use GeoResGlobe to view the location and boundaries of resource authorities.