Australian metallurgical coal exports could fall as a dispute between the Australia state coal industry and rail operator Aurizon continues, according to mining consultancy Wood Mackenzie. Exports are the lowest since April 2013 and WoodMac forecasts that 180 million tonnes would be exported in 2018 compared to 188 million at the end of 2017 with prices moving closer to Chinese equivalent prices. The Australia Competition Authority is trying to solve the rail dispute but resolution is not expected before September. Meanwhile, suppliers could see rising port delays and shipping costs.
Australian metallurgical coal exports could fall as a dispute between the Queensland state coal industry and rail operator Aurizon continues, according to mining consultancy Wood Mackenzie. Exports are the lowest since April 2013 and WoodMac forecasts that 180 million tonnes would be exported in 2018 compared to 188 million at the end of 2017 with prices moving closer to Chinese equivalent prices. The Queensland Competition Authority is trying to solve the rail dispute but resolution is not expected before September. Meanwhile, suppliers could see rising port delays and shipping costs.