Queensland's coal exports hit a record high in June

Queensland's coking and thermal coal exports hit a record high of 21.43 million tons in June, continuing to drive growth and employment in the state, the Queensland resources council (QRC) said.

Ian Macfarlane, chief executive of the Queensland resources council, said the state's coal exports rose 11 per cent in June from a year earlier, driven by increased international demand.

"The high-quality thermal coal produced in Queensland is the preferred product for high-efficiency, low-emission coal plants in Asia, while the coking coal produced in Queensland is widely used in construction, metallurgy and other industries around the world."Mr Macfarlane said.

"Queensland's resources industry paid a record a $5.2 billion (25.08 billion yuan) in royalties to the government last fiscal year, including a $4 billion from the coal industry to build schools, hospitals, roads and more."McFarlane said.

Driven by increased export efficiency and growing demand from overseas users, coal exports from most major Queensland ports were above the monthly average in June, with grasse port exports reaching a multi-year high of 5 million tons.

"From June 2018 to May 2019, Queensland's total resource export revenue exceeded au $70 billion for the first time, accounting for 81% of the state's total export revenue (au $85.8 billion).The state's coal, mining and natural gas sector exports exceed a $19 million a day."Mr Macfarlane said.


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