Australia's Queensland Set to Ramp Up Coal Projects, Despite Weak Market

PERTH, AUSTRALIA--June 25, 2014--Researched by Industrial Info Resources Australia (Perth, Australia)--North Queensland Bulk Ports announced last week it would scuttle plans to develop the 180 million-ton-per-year Dudgeon Point coal export terminal near Mackay, as a result of weak market conditions. Industrial Info's database, however, suggests a more optimistic outlook for the coal market, as the industry is set to ramp up production in Australia within the next few years.