“NSW coal mining has had a tough 18 months with a high Australian dollar, a fall in the coal price and uncertainty with regard to NSW planning laws,” said Stephen Galilee, CEO,NSW Minerals Council. “Finally, there is some good news, with demand for NSW coal rising significantly in China, contrary to some of the rhetoric we have been hearing that demand for coal is diminishing.”
Coal Services Pty Ltd. said that coal exported to China increased by more than 30% in 2012 to 2013, bringing the total volume of NSW coal exported to China in 2012 to 2013 to almost 31 million metric tons (mt). The Chinese demand for NSW coal has had significant growth over the last five years. In 2007 to 2008, only 1.1% of NSW coal exports were going to China. China now accounts for almost 20% of all NSW coal exports, second only to Japan.
