Queensland coal export impacts still on the Aurizon

In Exploration, Infrastructure & Operations, Latest News

Queensland coal exports are yet to feel the full force of the repeated threat by monopoly rail operator Aurizon to stop the movement of up to 20 million tonnes annually from mine to port.

Queensland Resources Council Chief Executive Ian Macfarlane said it was unsurprising that coal exports were higher this year compared to 2017 due to stronger global demand and the impact of Tropical Cyclone Debbie that crossed the coast in March last year.

“Aurizon’s threat – repeated to investors last week – will have a bigger impact on coal exports than Tropical Cyclone Debbie and it will be spread over the year, not just the wet season,” he said.

“Our trading partners, particularly Japan, are watching Aurizon’s actions closely. Coal is our top export commodity with overseas sales more than $30 billion annually.

“Aurizon continues to gloss over the facts. The coal industry is prepared to sit down with them to develop a united position to the Queensland Competition Authority. But we won’t do it with a threat hanging over our head.

“Aurizon needs to resume normal maintenance practices immediately and keep that commitment until the next QCA undertaking is finalised and implemented. They need to remove the threat. We won’t negotiate under duress.”

The loss of up to 20 million tonnes of coal will slash exports by $4 billion per annum and cut royalties used to pay for State Government services and infrastructure by a staggering $500 million per year.

You may also read!

225 OUNCES OF GOLD NUGGETS RECOVERED

Total conglomerate gold nuggets recovered and owned 100% by Artemis from exploration activities now sits at 7Kg (225 ounces).

Read More...

Opening of zinc tailing operations at a former mine site

The opening of New Century Resources zinc tailing operations at a former mine site north west of Mount Isa

Read More...

Miner merger highlights major confidence in Qld resources

The Queensland Resources Council (QRC) has welcomed the proposed merger of local Metallica Minerals and Canadian company Melior Resources as

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu