Despite the downturn seen across the coal sector NSW has recorded an increase in Chinese demand.
According to new export data China’s demand for the state’s coal grew year on year, accounting for a fifth of all coal exports.
The report by Coal Services shows coal exports to China jumped by a third in 2012-13, bring total volumes to 31 million tonnes and accounting for 20% of all coal exports.
This is a massive leap over the last five years, when in 2007-08 only 1.1% of the state’s coal exports went to China.
“NSW coal mining has had a tough 18 months with a high Australian dollar, a fall in the coal price and uncertainty with regard to NSW planning laws. Finally, there is some good news, with demand for NSW coal rising significantly in China, contrary to some of the rhetoric we have been hearing that demand for coal is diminishing,” NSW Minerals Council CEO, Stephen Galilee said.
Japan is still the major recipient of NSW coal, receiving nearly 46% of NSW coal exports.
Korea comes in third at 16% and Taiwan follows at 9.7%, with the rest of Asia accounting for 6.2%.
Coal exports account for 20% of all exports leaving the state.