Queensland Terminal Sees 80-percent Increase in Coal Throughput

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.