Big rise for Australian coal exports

first_imgBig rise for Australian coal exports Latest trade data confirms the resilience of Australia’s resources sector with coal exports on the rise despite recent global challenges.Minister for Resources, Water and Northern Australia Keith Pitt said the value of Australian coal exports in December increased by an impressive 26 per cent from November.“Coal was worth $3.7 billion to the Australian economy in December alone as exporters looked to fill gaps in international markets and made the most of the increase in thermal coal prices,” Minister Pitt said.“In the middle of the northern hemisphere winter, it’s not surprising that thermal coal accounted for most of the increase to meet the demand from power utilities.“Coal sales to Vietnam and India were stronger, reaffirming the competitiveness of Australian coal, and its reputation for high quality in global markets,” Minister Pitt said.“This again reinforces the importance of coal as an Australian export commodity and that it will remain so for many more years to come.“The trade data also confirms that despite the global challenges presented by the COVID-19 pandemic, Australian resources and energy exports were valued at a phenomenal $272.5 billion in the 12 months to December,” Minister Pitt said.“The result is a great testament to the work of our resources industry to maintain full operations throughout 2020 as the coronavirus pandemic wreaked havoc on many other industry sectors across the world.”“These results are also an encouraging sign that many countries are looking to resume industrial production as economies recover and that is good news for the Australian resources sector,” Minister Pitt said. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Australia, Australian, coronavirus, covid-19, Economy, Export, Government, India, industry, Keith, Minister, pandemic, production, quality, resilience, resources, Vietnamlast_img

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