Coal exports set to reach new record due to high demand
THE Queensland coal sector is on track to break new records with international markets set to grow in the face of growing energy demands.
Queensland Resources Council chief executive Michael Roche said despite the price downturn there was still significant demand for the state's commodities, and in particular, coal.
"Coal exports to end-May sit at about 200 million tonnes and are set to reach a new record of around 220Mt for 2014-15 financial year," Mr Roche said.
"This new record level of coal exports will be 5 per cent higher than last year's 209 Mt, driven by continued strong demand from China, Japan, India and Korea for the Bowen Basin's high quality coking coals, used in production of raw steel."