
Port of NSW: Stoking the Fires
While China’s unofficial ban on Australian coal continues amid trade tensions, overall export figures from the world’s largest coal port have remained resilient. Late last year when coal ships stopped departing the Port of Newcastle for China, which normally accounts for 20% of exports from the port, it sent shockwaves through the mining industry. During the 2020 September quarter, China’s total metallurgical coal imports plummeted by 14%, while thermal coal imports nosedived 38%, compared to the same period in 2019, according to the Australian Government’s Department of Industry. However, there is a light at the end of the tunnel, with producers finding new markets, as several other countries in Asia step in to fill the void in demand left by…