Australia Coal Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030

Australia Coal Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030
Summary

GlobalData's Australia Coal Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030 comprehensively covers Australia's reserves of copper, historic and forecast trends in the country's copper production and the key active, exploration and development copper mines and projects. The report also analyses factors affecting the country’s demand for copper and profiles the major copper producers.

In 2023, Australian coal production is expected to increase by 2.3% to 532.9Mt. This growth can be attributed to consistent production levels from key mines such as Loy Yang, Moolarben, Mount Arthur, Yallourn and Rolleston. Additionally, the resumption of operations at the Grosvenor mine in the second quarter of 2022, following a gas ignition incident in May 2020, is also expected to contribute to the growth in Australia's overall coal output in 2023.

Coal production over the forecast period (2024-2030) is expected to decline, albeit by a marginal 0.6% to 525.7Mt in 2030. This can be attributed to the closure of around 30 coal mines during this period including the Newlands Coal and Clermont mines (2027), Yallourn (2028) and Aquila (2029). These closures reflect a broader shift away from coal as Australia reduces its reliance on fossil fuels for environmental and energy policy reasons.

The recently elected government, taking office in May 2022, has made pledges to support the coal industry while also committing to reduce greenhouse gas emissions. However, since the beginning of 2023, the government has granted approval for the operation of four coal mines - Ensham, Gregory, Issac River, and Start coal - indicating its intent to balance coal interests with environmental objectives.

ScopeThe report contains an overview of the Australia's coal mining industry including key demand driving factors affecting the country's coal mining industry. It provides detailed information on reserves/resources, production, production by company, major operating mines, competitive landscape, major exploration and development projects.Reasons to BuyTo analyse coal mining trends in Australia, relevant driving factorsTo track the latest developments in Australian coal mining industryTo identify major active, exploration and development projectsTo analyse upcoming project developments in the mining industryTo understand historical and forecast trend on Australia's coal productionTo identify key players in Australian coal mining industry