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Coal exports from Australia's Queensland slip in 2017 due to cyclone: QRC

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Coal exports from Australia's North Queensland steady at 12.47 mil mt in July

Coal exports from Australia's Queensland slip in 2017 due to cyclone: QRC

The Australian state of Queensland saw its coal exports volume slip yearon year to 210.8 million mt in 2017 due to Tropical Cyclone Debbie, which madelandfall in late March, the Queensland Resources Council said Friday.

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The 2017 volume was down 10 million mt, or 5%, from the previous year'srecord 220.8 million mt.

"That fall in coal is due to Cyclone Debbie severally damaging railinfrastructure, and according to Queensland Treasury, the cyclone decreasedcoal exports by 11 [million mt]," it said.

"In other words, in the absence of the cyclone, Queensland coal exportswould have reached another volume record," it added.

Queensland, which ships both metallurgical and thermal coal, exports theproducts from terminals at Abbot Point, Gladstone, Dalrymple Bay, Hay Pointand Brisbane. QRC said that the state is in a prime position to continue to be "one ofthe main players in global coal exports" and that the industry is expected tocontribute A$3.16 billion ($2.49 billion) to the state's coffers in thisyear's budget.

In the 2016-2017 (July-June) fiscal year, Queensland's coal royaltiesalmost doubled year on year to A$1.897 billion.

Queensland coal was exported to at least 37 different countries lastyear, which included Mexico, Argentina, Brazil, Chile, Uruguay, Algeria, SouthAfrica, China, India, Indonesia, Japan, South Korea, Malaysia, Pakistan,Philippines, Singapore, Taiwan, Thailand, Vietnam, Turkey, UAE, and 16countries in Europe.

Australia's total coal exports in 2017 stood at 379 million mt,comprising 53% of metallurgical and 47% thermal, down from 389 million mt, 52%metallurgical and 48% thermal, a year earlier, the country's Department ofIndustry, Innovation and Science said earlier in the week.

It expects the total to rise to 397 million mt, comprising 51% ofmetallurgical coal and 49% thermal, this year, and level off in 2019 at 396million mt, 51% metallurgical and 49% thermal, it said.

--Nathan Richardson,

--Edited by Pankti Mehta,