Australia Coal Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2021-2026
Summary
GlobalData's Australia Coal Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2021-2026 provides a comprehensive coverage on the Australian Coal mining industry. It provides historical and forecast data on coal production, reserves by country, and world coal prices. The report also includes a demand drivers section providing information on factors that are affecting the country’s coal industry such as demand from end use sectors including power generation, steel and cement industries. It further profiles major coal producers, information on the major active, planned and exploration projects.
Following a 3.5% increase in 2021, Australian coal mine production is expected to remain flat in 2022, reaching 565.1 million tonnes (Mt). Floods in New South Wales and Queensland, as well as the sharp rise in COVID-19 cases, interrupted production in the first quarter of 2022. Furthermore, coal mines in Australia, particularly in the Hunter Valley, have been facing legal hurdles in recent years. As a result, proposed thermal coal projects have been withdrawn or abandoned. For instance, Shenhua's Watermark project was cancelled in April 2021, with the NSW government compensating the company $100 million in exchange for relinquishing development rights at the site. Of the total coal produced in Australia in 2021, 63.2%, or 354.4Mt, was thermal coal, and the remaining 36.8%, or 206.2Mt, was metallurgical coal. In terms of grade, the majority of coal (90.4%) was of bituminous and sub-bituminous grade, followed by lignite (8.3%) and anthracite (1.7%).
Scope
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