MARKETS

Chinese demand surges for NSW coal

CHINESE demand accounted for 19.9% of New South Wales coal exports in the recent financial year, compared to a paltry 1.1% share in 2007-08.

Blair Price

Other data by Coal Services revealed that the state’s level of exports to China increased more than 30% in the last financial year to almost 31 million tonnes.

China has become the NSW’s second-biggest coal exporting market, with Japan taking the lion’s share of 46% of the state’s exports, while South Korea buys 16% and Taiwan takes 9.7%.

There was growth across the Asian markets with Coal Services’ sums suggest that Japan imported 12% more of the state’s coal in the last financial year while South Korean demand rose 19.6% and Taiwanese demand climbed 6.5%.

“NSW coal mining has had a tough 18 months with a high Australian dollar, a fall in the coal price and uncertainty with regard to NSW planning laws,” NSW Minerals Council CEO, Stephen Galilee said.

“Finally, there is some good news, with demand for NSW coal rising significantly in China, contrary to some of the rhetoric we have been hearing that demand for coal is diminishing.

“Importantly, given coal is our state’s most valuable export commodity, the data also shows that demand for NSW coal is growing steadily across all our main export markets.”

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.