Mining & Resources

Australian coal prices reach six year high

8 Jun 2018, by Amy Sarcevic

Increased demand for electricity in China has prompted thermal coal prices to reach a six year high in recent days – almost double the lowest commodity rate of 2016.

Meanwhile, the New South Wales government is forecasting $1.8 billion in mining revenue for the 2018 financial year (more than 90 per cent of which will be from coal), following a record $1.58 billion last year. This equates to an average price increase of 22 per cent since 2017.

The 2018 figures are $330 million higher than anticipated by the NSW government two years ago, in their forward estimates; and some experts believe the figure will be further elevated as railway outages and environmental audits in China continue to stunt the domestic supply market.

Amidst this unprecedented growth and activity, Informa is proud to be hosting the biggest names in the coal sector at this year’s Australian Coal Conference – 16-17 August in Sydney.

The Conference will hear expert insights from XCoal Energy & Resources, Allegiance Coal, Bounty Mining, Fat Prophets, CRU, Coal Port Services, and a range of other C-suite speakers.

What global demand trends can we expect to see in the years ahead; and how will the Australian supply market keep up? The program will assess the current state of play in Australian coal production, with a detailed look at recent mergers and acquisitions, new players entering the market and an update on international and domestic project pipelines.

Held at the Radisson Blu Plaza Hotel Sydney, the conference will provide an intimate platform for industry consultation during this crucial period of growth.

Learn more than register.

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