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As at June 2023, coal companies in Australia were making windfall profits due to the Russian invasion of Ukraine. [42] However, international sanctions against Russia and the energy transition in Europe are also forcing Russia to direct its coal exports eastward, creating more competition with Australian exports in the long term.
Most of the gas produced in Queensland now comes from coal seams. [13] According to 2005 figures, Queensland has 98% of Australia's proven and probable reserves of coal seam gas. [ 26 ] In the 2009/10 financial year investment in the coal seam gas industry increased 43% compared to the previous financial year.
Mine Name Company Mine Type Basin Operations began Production (Mt/a) Use Coal type Jeebropilly Mine: New Hope Group [2]: Open-cut: Clarence-Moreton: 1982
The declining cost of renewable energy sources, such as solar power, wind power and battery storage, means it is unlikely a new coal-fired power station will ever be built in Australia. [2] The Liddell Power Station is the latest major coal-fired power station to be decommissioned, which took place on 28 April 2023. [3]
The mine was the first to export a shipment of Queensland's coking coal to Japan. [2] It was also the first mine to introduce draglines into its operation in 1963. [3] The coal is exported by Gladstone to the Barney Point and R G Tanna coal terminals. [1] Dawson coal mine has implemented an extensive rehabilitation program. [4]
[13] The company was the "jersey sleeve" sponsor of the North Queensland Cowboys NRL rugby league team for the 2021 season. [14] On 29 December 2021, the first coal shipment from the Carmichael Mine was ready for export. [15] [16]
The Blair Athol Coal Mine is a coal mine located in the Bowen Basin of Central Queensland, Australia. It is located over the former site of the township of Blair Athol. The mine has coal reserves amounting to 195 million tonnes of thermal coal, one of the largest coal reserves in Asia and the world. The mine has an annual production capacity of ...
It is owned and managed by Gladstone Ports Corporation, [4] which is a statutory corporate body of the Government of Queensland. Major exports include coal, alumina, aluminium, cement products and liquid ammonia. Coal makes up 70% of the total exports from the port. [5] Each year 50 million tonnes of coal passes through the port.