Gladstone Port Coal Export Up 12%

More than seven million tonnes of coal left the Gladstone port in November, leading the way for record export tonnage.

The increase of 12% is ahead of October’s tonnage of 5.94 million tonnes exported, November’s total was 7.2 million. 

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Shipping destinations China, Japan and South Korea increased their purchases during the month.

Gladstone Ports Corporation chief executive officer Craig Doyle said it was almost certain the port would export record tonnage by the end of financial year 2016.

“We are in a similar position to where we have been for the last couple of years,” he said.

“Our tonnage is above plan at this stage of the year and, with the Wiggins Island Export Coal Terminal continuing to ramp up, we can expect to see more than 70 million tonnes go through the port before the end of June.

Mr Doyle said there would always be a demand for coal from Queensland mines because of its higher quality and energy efficiency in comparison to the coal from countries we export to.

The port exported 66.5 million tonnes of coal from January to November, an increase from the 64.2 million tonnes for the same period in 2014.




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