Queensland ramps up coal exploration

QUEENSLAND coal exploration grew 61% in 2019-20 to $200 million despite price falls and the uncertainty created by the COVID-19 pandemic, according to the latest Queensland Exploration Council exploration scorecard.

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Queensland ramps up coal exploration Queensland ramps up coal exploration Queensland ramps up coal exploration Queensland ramps up coal exploration Queensland ramps up coal exploration

This is the highest coal exploration spending in Queensland since 2014-15.

The thermal and metallurgical coal benchmark prices went down 30% from last year. Thermal coal is trading at the same price as 2014-15 and metallurgical coal has reached a three-year low.