Coal Mining in Australia to 2020

Synopsis
The 'Coal Mining in Australia to 2020' report provides historical and forecast data on coal production (by grade), reserves, consumption (by type) and trade (also by type) to 2020. The trade section provides information on export volume (to destination countries) as well as imports.
This report includes drivers and restraints affecting the industry, profiles of major coal mining companies, information on the major active, development and exploration projects, and the fiscal regime and regulations governing the industry. The report provides a comprehensive coverage of Australia’s coal mining industry.


Summary
Australia is one of the world’s largest producers and exporter of coal with production estimated at 476.5 million tons (Mt) in 2013, further projected to reach 635.9Mt in 2020, representative of a CAGR of 4.4%. Substantial production over the forecast period is likely due to capacity extensions and new projects. Projects such as the China First coal project, the Alpha coal project, the Wandoan project, and the South Galilee project located in the state of Queensland are some of the largest, with capacities of 40Mt, 30Mt, 22Mt and 13.6Mt respectively. The country’s abundant and high-quality coal deposits are widely distributed across all the country’s states and the Northern Territory.

Scope
The report contains an overview of the Australian coal mining industry together with the its growth factors and restraints. It also provides detailed information about production, prices, production by grade, basin and mining methods, reserves, reserves by grade and regions, major producing mines, competitive landscape, major exploration and development projects, consumption, consumption by type and trade. Also included is the country's fiscal regime, which includes governing bodies and relevant laws, rights and obligations of the mining companies, as well as key fiscal terms.

Reasons To Buy
Gain an understanding of the Australian coal mining industry, the relevant drivers and restraining factors, historical and forecast production, consumption and trade data and the fiscal regime.

Key Highlights
‧ New South Wales and Queensland dominate Australia’s black coal production, although smaller quantities of black coal originate from Western Australia, South Australia and Tasmania.
‧ Significant black coal deposits are located in the Bowen-Surat basin in Queensland and Sydney basin in New South Wales.
‧ By 2015, expansion plans at the major ports in Queensland and New South Wales will increase the total export handling capacity to 515 million tons per annum (Mtpa) from 456Mtpa in 2011.
‧ Australia’s proven coal reserves amounted to around 76.4billion tons (bt) at the end of 2012, representing 9% of proven global coal proven reserves.

Table of Contents
1 Executive Summary 1
2 Coal Mining in Australia 6
2.1 Overview 6
2.2 Coal Mining in Australia – Drivers 6
2.2.1 Development and Modernization of Port and Rail Facilities 6
2.2.2 Abolishing the Carbon Tax 7
2.2.3 Substantial Coal Deposits 7
2.2.4 Proximity to Asian Markets 7
2.2.5 Upcoming Projects in the Medium Term 7
2.3 Coal Mining in Australia – Restraints 7
2.3.1 Environmental Concern Regarding Development of Coal Projects 7
2.3.2 Delay in Commencement of Major Coal Projects and Competition from Indonesia 8
2.3.3 Increasing Coal Exports from the US 8
2.3.4 Shift towards Alternative Energy Sources 8
3 Coal Mining in Australia – Production, Consumption, Reserves and Trade 10
3.1 Reserves by Grades and Geographic Regions 10
3.1.1 New South Wales 10
3.1.2 Queensland 11
3.2 Historical and Forecast Production 12
3.3 Total Production, by Grade 14
3.3.1 Total Production, by Grade – bituminous, anthracite 14
3.3.2 Total Production, by Grade – lignite 14
3.3.3 Total Production, by Region/State/Basin 17
3.4 Coal Prices 17
3.4.1 Thermal Coal Prices 17
3.4.2 Metallurgical Coal Prices 19
3.5 Competitive Landscape 20
3.5.1 Glencore Xstrata plc, Business Description 20
3.5.2 Rio Tinto Coal Australia Pty Limited, Business Description 21
3.5.3 BHP Billiton Mitsubishi Alliance, Business Description 21
3.5.4 Anglo Coal Australia Pty Ltd, Business Description 21
3.5.5 Peabody Energy Corporation, Business Description 21
3.6 Total Production by Major Mines 23
3.7 Total Production by Mining Method 23
3.8 Major Exploration and Development Projects 24
3.9 Coal Consumption and Trade 26
3.9.1 Total Consumption by Type, Non-Coking 26
3.9.2 Total Consumption by Type, Coking 26
3.10 Domestic Consumption vs. Exports 28
3.10.1 Export to Destination Countries 31
3.10.2 Exports by Type, Thermal or Steam Coal 33
3.10.3 Exports by Type, Metallurgical or Coking Coal 33
3.10.4 Imports by Source 34
3.11 Demand Drivers 34
3.11.1 Increasing Demand from Asian Countries 34
3.11.2 Demand vs. Final Uses 35
4 Fiscal Regime 37
4.1 Australia, Governing bodies 37
4.1.1 National Level 37
4.1.2 State/Territory Involvement 38
4.2 Australia, Governing laws 39
4.2.1 Offshore Legislation 39
4.2.2 Onshore legislation 40
4.3 Australia, Mining rights and obligations 41
4.3.1 Rights 41
4.3.2 Obligations 41
4.4 Australia, Key Fiscal Terms 41
4.4.1 Royalty Rates 41
4.5 Australia, Tax Structure 44
4.5.1 Minerals Resource Rent Tax (MRRT) 44
4.5.2 Corporate Income Tax 44
4.5.3 Capital Gain 45
4.5.4 Depreciation 45
4.5.5 Withholding Tax 45
4.5.6 Loss Carry Forward 45
4.5.7 Goods and Services Tax (GST) 45
5 Appendix 46
5.1 What is this Report About? 46
5.2 Methodology 46
5.3 Secondary Research 46
5.4 Primary Research 46
5.5 Contact Timetric 47
5.6 About Timetric 47
5.7 Timetric’s Services 47
5.8 Disclaimer 48


List of Tables
Table 1: Identified Coal Resources – Australia (million tons), December 31, 2012 10
Table 2: Coal Mining in Australia, Total Production (million tons), 2000–2020 14
Table 3: Coal Mining in Australia, Total Production – Bituminous, Lignite and Anthracite (million tons), 2000–2020 16
Table 4: Coal Mining in Australia, Major Active Mines 23
Table 5: Coal Mining in Australia, Major Exploration Projects 24
Table 6: Coal Mining in Australia, Major Development Projects 25
Table 7: Coal Mining in Australia, Total Consumption by Type – Steam, Lignite and Coking Coal (million tons), 2000–2020 28
Table 8: Coal Mining in Australia, Consumption vs. Exports (million tons), 2000–2020 30
Table 9: Coal Mining in Australia, Export to Region and Destination Countries (million tons), 2013 32
Table 10: Coal Mining in Australia, Exports by Type, Thermal and Metallurgical Coal (million tons), 2000–2020 34
Table 11: Coal Mining in Australia, Queensland Royalty Rates (% and AUD), 2013 42
Table 12: Coal Mining in Australia, South Australia Annual Rents (AUD), 2013 43
Table 13: Coal Mining in Australia, South Australia, Fees (AUD), 2013 43
Table 14: Coal Mining in Australia, Depreciation Rates (%), 2013 45


List of Figures
Figure 1: Australia, Energy Consumption (PJ) by Type of Fuel (2000–2034) 9
Figure 2: Location of Coalfields in New South Wales – Australia 11
Figure 3: Location of Coal Basins in Queensland – Australia 12
Figure 4: Coal Mining in Australia, Total Production (million tons), 2000–2020 13
Figure 5: Coal Mining in Australia, Total Production – Bituminous, Lignite and Anthracite (million tons), 2000–2020 15
Figure 6: World Contract Prices for Thermal Coal* (US$/t), 2011–2018 18
Figure 7: World Contract Prices for Metallurgical Coal* , (US$/t), 2011–2018 19
Figure 8: Major Coal Mining Companies – Share of Australian Coal Production, 2012 22
Figure 9: Coal Mining in Australia, Total Consumption by Type – Steam, Lignite and Coking Coal (million tons), 2000–2020 27
Figure 10: Coal Mining in Australia, Domestic Consumption vs. Exports (million tons), 2000–2020 29
Figure 11: Coal Mining in Australia, Export to Destination Countries# (%), 2013 31
Figure 12: Coal Mining in Australia, Exports by Type – Thermal and Metallurgical Coal (million tons), 2000–2020 33
Figure 13: Chinese Coal Imports (tons), 2007–2012 35