What happened at Abbot Point?
In May, 2021, it was announced that private Australian rocket launch company, Gilmour Space Technologies, was given the go-ahead by the Queensland Government to build a rocket launch facility in Abbot Point. The rocket dedicated to launch from the launch facility is known as Eris and will launch as early as 2022.
Who owns North Queensland export terminal?
Bulk Ports
The NQXT Terminal is owned by the Queensland Government’s North Queensland Bulk Ports, and leased by NQXT under a 99-year leasehold which was acquired in June 2011. NQXT has contracted Abbot Point Operations to manage the operations of the terminal.
How many coal ports does Australia have?
Australia’s vast mining industry is heavily dependent on more than 70 ports providing easy transportation of goods to their ultimate destination. In 2018, Australia’s resources export industry generated AUS$248 billion in revenue with coal alone bringing in AUS$66 billion.
Where is the biggest coal mine in Australia?
The Peak Downs coal mine is located in the Bowen Basin of central Queensland and is currently the country’s biggest coal mine by recoverable reserves.
Who is the biggest coal miner in Australia?
Glencore is now the biggest Australian coal producer, with attributable production of 76 million tonnes in 2018.
Who owns Australia’s coal?
Coal has a cash margin of 45% and iron ore 59%. Yancoal is now the third largest producer of Australian coal. While it is a publicly-listed company in Australia, it is dominated by its majority owner Yanzhou of China.
Who owns Australia’s coal mines?
Download coordinates as: KML
| Mine | State | Ultimate owner |
|---|---|---|
| Broadmeadows | Qld | BHP Mitsubishi Alliance |
| Blackwater | Qld | BHP Mitsubishi Alliance |
| Blair Athol | Qld | TerraCom |
| Bulga Coal | NSW | Oakbridge Group (Managed by Xstrata) |
Where does China get its coal?
Although the lion’s share of the coal China uses is mined domestically, it imports coal to bolster local supply. More than 60% of China’s coal imports came from Indonesia in the first 11 months of 2021, which is the latest data available.
Did Australia stop selling coal to China?
In October 2020, China effected a ban on imports of Australian coal. Australian exports account for 58% of the global seaborne trade or metallurgical coal, essential to primary steelmaking. China is a steelmaking hub, accounting for 57% of world steel production in 2020.