Coal, a dying industry, just became Australia’s number one export (again)

by JoNova, July 2, 2018


Coal is a dying industry, but luckily for the Australian economy, the rest of the world is not as smart as The Australian Greens and Labor Party and they are still buying it.

Coal is set to regain its spot as the nation’s biggest export earner amid higher prices and surging demand from Asia, sparking fresh calls from the Turnbull government for Labor to end its “war on coal”.

The Department of Industry, Innovation and Science figures show total coal exports are forecast to reach $58.1 billion in 2018-19, overtaking iron ore ($57.7bn) for the first time in almost a decade. (…)