Coal Mining in Australia to 2022 - Shift to Renewables will Impact Domestic Demand while Exports Rebound
Australia is endowed with abundant natural resources including gold, uranium, coal, iron ore, copper, and natural gas. The mining industry plays an important role in the country’s economy. The country had 114.8 billion tonnes (Bnt) of proven coal reserves, accounting for 12.7% of the global total in 2016, of which sub-bituminous and lignite accounted for 76.5Bnt, and bituminous and anthracite accounted for 68.3Bnt.
In 2017, Australia produced 500 million tonnes (Mt) of coal, which was down by 2% over 2016, owing to Cyclone Debbie. Over the forecast period (2018-2022), the country’s coal production is expected to grow at a compound annual growth rate (CAGR) of 1.1owing to the commencement of mines, including the Baralaba North and Rolleston expansion mines, both located in Queensland.
Australia was the world’s largest exporter of coal with Japan and China being the two largest importers. In 2017, Japan accounted for 31.2% of the country’s exports, followed by China.Glencoreplc, BHP Billiton Ltd., Peabody Energy Corporation, and Rio Tinto plc are the major coal miners in Australia.
Coal Mining in Australia to 2022, provides a comprehensive coverage on Australia’s coal industry. It provides historical and forecast data on coal production by type and grade, coal reserves, consumption and exports by type to 2022.
The report also includes a demand drivers section providing information on factors that are affecting the Australian coal industry. It further provides mines and projects count by company by status, profiles of major coal producers, information on the major active, planned and exploration projects. In addition, the report also covers Australian mining fiscal regime.
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