Research and Markets has released the “Coal Mining in Australia to 2020” report which shows that substantial production over the forecast period is likely due to capacity extensions and new projects.
According to the media release on the Business Wire, Australia is one of the world’s largest producers and exporters of coal with estimated production of 476.5 million tonnes (Mt) in 2013, which is projected to reach the 635.9 Mt figure in 2020, representative of a compound annual growth rate (CAGR) of 4.4%.
Australia’s proven coal reserves amounted to around 76.4 billion tonnes at the end of 2012, representing 9% of proven global coal reserves. The country is in the process of developing several large coal projects, including the China First coal project, the Alpha coal project, the Wandoan project, and the South Galilee project located in the state of Queensland, with capacities of 40Mt, 30Mt, 22Mt and 13.6Mt respectively.
The report gives an overview of the Australian coal mining industry together with its growth factors and restraints, and also provides detailed information about production, prices, production by grade, basin and mining methods, reserves, reserves by grade and regions, major producing mines, competitive landscape, major exploration and development projects, consumption, consumption by type and trade.
According to the report’s findings, New South Wales and Queensland dominate Australia’s black coal production, although smaller quantities of black coal originate from Western Australia, South Australia and Tasmania.
The Bowen-Surat basin in Queensland and the Sydney basin in New South Wales also hold significant black coal deposits. The report also shows that expansion plans at the major ports in Queensland and New South Wales will increase the total export handling capacity to 515 million tonnes per annum (Mtpa) by 2015, up from 456Mtpa in 2011.
For detailed information visit: http://www.researchandmarkets.com/research/bz97x4/coal_mining_in