Home UPDATE 1-Australia's Queensland coal exports hit record as glut mounts
 

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UPDATE 1-Australia's Queensland coal exports hit record as glut mounts

2014-10-13 12:49:46| Grocery - Topix.net

Australian coal miners are shrugging off a global glut of the fuel, exporting a record 158.5 million tonnes in the January-September period from the key mining state of Queensland, industry figures showed. Mining companies are still adding capacity and pushing out exports of both coking and thermal coal, even though an import tariff in China has raised worries about output overcapacity at a time when prices are near their lowest in five years.

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