Coal has overtaken iron ore as Australia’s most valuable export this financial year.
It is the first time coal has overtaken iron ore in value since the mining boom five years ago, with the value expected to be around $61 billion.
CEO of NSW Minerals Council Stephen Galilee tells Michael McLaren the results are due to strong commodity prices and high demand.
“We are using more coal than ever before… in New South Wales 85 per cent of our energy needs are still being delivered through coal-fired power.”
Anglo Pacific Group PLC (LON:APF) is a global natural resources royalty company. The Company’s strategy is to develop a leading international diversified royalty company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth mainly through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months, as well as investment in earlier stage royalties. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.