Queensland’s northern ports delivering record coal haul

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Image credit: flickr User: Ian B-M

The northern ports in Queensland are continuing to experience strong and steady growth as coal export volumes exceed pre-GFC levels.

Image credit: flickr User:  Ian B-M
Image credit: flickr User: Ian B-M

According to the latest ministerial media release issued by the Government of Queensland, Treasurer Tim Nicholls claims that the focus of the Newman Government on resources is delivering record levels of coal exports.

“Compared to last year, we are seeing substantially increased exports at our two biggest coal terminals at Gladstone and Dalrymple Bay,” he said.

Mr. Nicholls further reveals that in October alone Gladstone recorded 5.98 million tonnes, up 17.4% on the previous year, while Dalrymple Bay recorded 5.79 million tonnes, which is an increase of 19% on October 2013.

“Importantly we are seeing coal prices also stabilize with the Hard Coking Coal Benchmark Price up five per cent – the first increase in more than two years. The Newman Government’s sound economic management and improving coal prices are returning confidence to the industry.”

Adertisement

“The recent opening of the Kestrel South and Daunia mines is clear evidence coal companies believe they have a future in Queensland,” said Mr. Nicholls.

Scott Emerson, Transport and Main Roads Minister, said Queensland’s ports are on way to top the 200 million tonne mark for 2013-14.

“Labor’s policies at the State and Federal level were affecting our important resources industry and I’m pleased we’ve been able to turn that around,” said Mr. Emerson.

“There were 180.2 million tonnes in 2012-13, an increase of 9.8% increase on 2011-12.This year we are on target to achieve a further 11.5% increase, taking throughput to 200.5 million tonnes.”

Mr. Emerson further adds that Queensland’s ports are extremely essential to the vitality and growth of the state’s four pillar economy, especially the resource sector.