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AbstractAbstract
[en] In 2001 the Queensland coal industry consolidated on record expansion in the export market over the past two years and again, increased its sales to overseas customers. New sales records were set in both the export and domestic markets. Unprecedented international demand for Queensland metallurgical coals coupled with improved prices and a favourable A$-US$ exchange rate created strong market conditions for the Queensland coal export industry, boosting confidence for further expansion and new developments. Australian coal exports in 2001 amounted to 194 Mt and are forecast to reach 275 million tonnes per annum (Mtpa) in 2020. The Queensland coal industry is poised to capture a significant share of this market growth. Queensland's large inventory of identified coal, currently estimated at more than 37 billion tonnes (raw coal m situ), is adequate to sustain the industry for many years and allow new opencut and underground mines to develop according to future market demand. Recent coal exploration successes are expected to add significant tonnage to the inventory (Coxhead, Smith and Coffey, 2002). Most of the coal exported from Queensland is mined in the Bowen Basin of central Queensland and additional tonnage of Walloon coal is exported by mines in the Moreton Basin and Surat Basin in south-east Queensland. The Walloon Coal Measures and its equivalents contain large resources of undeveloped opencut, high volatile, clean-burning thermal coal. The environmental advantages in the utilisation of these coals are now recognised and strong growth in production is expected in the near future for supply to both the domestic and export markets. Establishment of new rail transport and civil infrastructure will however, be required to support the development of large scale mining operations in this region
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5 refs., 4 figs., 3 tabs.
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Journal Article
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Numerical Data
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AusIMM Bulletin; ISSN 1034-6775;
; (no.3); p. 42-50

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