Coal prices push exports higher

THE recent coal price hikes have resulted in the Australian Bureau of Agricultural and Resource Economics revising Australia's commodity export earnings up $1.7 billion to $114.6 billion for 2005-06.
Coal prices push exports higher Coal prices push exports higher Coal prices push exports higher Coal prices push exports higher Coal prices push exports higher

Dalrymple Bay Coal Terminal. Courtesy Prime Infrastructure.

Rebecca Keenan

Major price increases won by hard coking coal producers will push export earnings from that sector up 51% to $25.8 billion in 2005-06. The benchmark contract price for hard coking coal increased 120% to US$125 per tonne.

For thermal coal, settlements reached in January received a price rise of around 20%.

Meanwhile, iron ore exports are now forecast to be $13 billion in the next financial year, up on a revised forecast of $8.1 billion in 2004-05.

The total value of Australia's minerals and energy exports is now forecast to be $82.6 billion in 2005-06, a 22% increase on the previous financial year.

MiningNews.net

topics

loader