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Released March 10, 2022 | PERTH
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Researched by Industrial Info Resources (Sugar Land, Texas)--The price of coal broke the US$400-per-ton mark as Russia continued its invasion of Ukraine. The Australian government was helping coal-importing nations find alternatives to Russia by connecting them with domestic producers. Australia's top coal producers--Whitehaven Coal, New Hope Group and Yancoal--have been approached to supply coal to European countries such as Poland.
Industrial Info is tracking 97 operational bituminous coal-mining plants in Australia. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Plant Database can click here for detailed plant profiles.
However, the coal supply is extremely tight in Australia. Queensland Resources Council Chief Executive Ian Macfarlane said, "Many miners already (are) at full production, there is limited scope for additional coal to export to Europe." The recent heavy floods in Queensland and New South Wales, and ongoing labor shortages due to COVID-19 travel restrictions, may limit the ability of Australian coal miners to fill the European coal supply gap.
Meanwhile, gold miner Wiluna Mining Corporation said it will immediately suspend shipments of gold concentrate from its operation to Russia. The company said it has arrangements in place to sell and ship all its concentrate to alternative destinations.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: LinkedIn.
Industrial Info is tracking 97 operational bituminous coal-mining plants in Australia. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Plant Database can click here for detailed plant profiles.
However, the coal supply is extremely tight in Australia. Queensland Resources Council Chief Executive Ian Macfarlane said, "Many miners already (are) at full production, there is limited scope for additional coal to export to Europe." The recent heavy floods in Queensland and New South Wales, and ongoing labor shortages due to COVID-19 travel restrictions, may limit the ability of Australian coal miners to fill the European coal supply gap.
Meanwhile, gold miner Wiluna Mining Corporation said it will immediately suspend shipments of gold concentrate from its operation to Russia. The company said it has arrangements in place to sell and ship all its concentrate to alternative destinations.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: LinkedIn.
