Queensland has recorded a $1.6 billion increase in exports, driven by the rising value of hard coking coal and liquefied natural gas exports.
Improved commodity prices are expected to push Australia’s mining and energy export earnings to a record in 2016-17, according to the Department of Industry, Innovation and Science.
The Hunter region has recorded rise in coal exports year on year, despite a drop in price.
Where does the coal we dig up go, and who actually consumes the most Australian coal?
Federal MP Clive Palmer has spoken up about China’s new coal testing regime, recommending retaliatory action.
The price of iron ore is closing in on the $US60 a tonne mark after enjoying a surge of more than 5 per cent.
Fortescue Metals Group says comments made by its founder Andrew Forrest in relation to working with other companies to cap iron ore production were in line with the law.
The price of iron ore has fallen below $60 a tonne as China revised its growth forecast to just 7 per cent.
February was a busy month for the Pilbara Ports Authority which exported record tonnages of iron ore and set two new records.
Yancoal said the continuing low cost of coal has led the company to post a full year loss of $353.5 million.
A coal train derailment in the Hunter region could leave the track out of action until at least Friday.
An investment company out of the US has taken a 5 per cent stake in Fortescue Metals Group.
An economist has warned that the price of iron ore could fall to lows of $US30 a tonne.
The extra tonnages of iron ore the major miners are exporting is highlighted in official figures released by the Pilbara Port Authority.
The price of iron ore hit a new five-year low overnight.
Iron ore stocks have been hammered today as the price of the commodity dropped to five-year lows.
The price of iron ore has fallen to below $US65 a tonne for the first time since 2009, and analysts warn it will drop even lower.
Iron ore miners were punished yesterday as the price of iron ore edged closer to a fresh five-year low.
Citic has been forced to writedown the value of its Sino Iron project in the Pilbara by $1.8 billion due the falling price of iron ore.
Macquarie Group has joined the list of major banks that are cutting their iron ore price forecasts.