Industrial Metals

ABC News reported that government figures show that from July 2012 to July 2013 there has been an 80-percent increase in the amount of coal passing through the Abbott Point terminal in North Queensland.

ABC News reported that government figures show that from July 2012 to July 2013 there has been an 80-percent increase in the amount of coal passing through the Abbott Point terminal in North Queensland.

As quoted in the market news:

The Government says 1.92 million tonnes of coal passed through Abbot Point during July.

Queensland Treasurer Tim Nicholls says the state’s coal industry has made a record recovery from this year’s floods.

The torrential rain from ex-tropical cyclone Oswald in January caused widespread damage to coal haulage rail lines in central Queensland, including the Moura to Gladstone line, which was closed for more than a month.

However, Mr Nicholls says the volume of coal exported from Queensland last financial year reached its second highest level on record.

Click here to read the full ABC News report.

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