Australian Coal Industry Remains Dour as it Becomes World’s Most Costly Producer
By Marc Howe
The Australian Coal Association remains downbeat on the sector’s prospects, with sliding prices and surging operating costs leaving Australia unable to compete with international rivals.
World News Australia reports that Nikki Williams, CEO of the Australian Coal Association, says that the Australia coal sector is at “a terrible junction where not only has the international market come off in terms of prices, but our costs and productivity have gone to a terrible place.”
Ms. Williams points that that in the space of five years Australia have moved from being the world’s cheapest coal producer to the most expensive, at $176 a tonne compared to the $106 in the rest of the world.
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