Original article by Lachlan Moffet Gray, David Rogers
The Australian – Page: 13 & 19 : 29-Sep-21

The price of thermal coal shipped from Newcastle in New South Wales has reached a record high of $US204.75 per tonne. The thermal coal price has now risen by more than 270 per cent since reaching a 12- month low of $US54.70 in October 2020. The price of coking coal has in turn risen by 183 per cent since reaching a yearly low. National Party senator Matt Canavan says the record prices are unlikely to be sustained; however, he adds that the high prices will encourage Australian coal miners to expand production, particularly in Queensland’s Galilee Basin.

CORPORATES
NATIONAL PARTY OF AUSTRALIA