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Newcastle coal exports on track

Wednesday 28th of December 2016 12:10:03 PM



The Port of Newcastle’s coal exports are on track to exceed the tonnage totals set in 2015, with the added financial benefit of substantially higher “spot’ prices flowing through to longer-term contract prices.

The latest figures from industry sources including the Hunter Valley Coal Chain Co-ordinator show that Port Waratah Coal Services and Newcastle Coal Infrastructure Group are both on track to lift their exports this year.

Together, the three loaders should move about 161 million tonnes this year, up from 158 million tonnes in 2015 and a record 159 million tonnes in 2014.

On average about 85% of Hunter coal exports are sold as thermal coal for power stations, with the highest quality 15% sold as higher-priced coking for use in steelmaking.



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