Tag Archives: coal

Super high coal prices will boost royalties and slow the increase in Qld state debt

Back in early August I observed that higher coal prices were helping the Qld economy and state budget in this time of rolling lockdowns. Amazingly, the all important metallurgical or coking coal price has surged even higher since then. There … Continue reading

Posted in Mining | Tagged , , , , , , , , , | 2 Comments

Coal comeback good news for Qld economy

Last week saw a surge in coal prices due to global demand and supply factors (some of which are likely only temporary), as discussed in a nice piece by Bloomberg journalists reprinted by the Brisbane Times It’s not over for … Continue reading

Posted in Mining | Tagged , , , | Leave a comment

Does nuclear energy have a future in Australia?

In my Economics Explored episode on decarbonisation, I quoted Bill Gates from his latest book regarding the one-sentence case for nuclear energy: …it’s the only carbon-free energy source that can reliably deliver power day and night, through every season, almost … Continue reading

Posted in Energy | Tagged , , , , | Leave a comment

Decarbonising the Economy – my latest podcast episode

The latest episode of my Economics Explored podcast is on the topic of decarbonising the economy. My monologue is based on a talk I gave last Tuesday to the First Tuesday Club forum hosted by the Brisbane Dialogues group at … Continue reading

Posted in Energy, Environment, Macroeconomy, Uncategorized | Tagged , , , , , , , , | 8 Comments

Qld exports were $21bn lower in 2020 due largely to lower coal and LNG prices

At the launch of the Queensland Premier’s Export Awards in May 2019 at the Tower of Power, 1 William St, I spoke about how Queensland’s exports had soared to record levels over the previous few years, largely as a result … Continue reading

Posted in Exports, Macroeconomy, Mining | Tagged , , , , , , , , , | Leave a comment

Pick up in thermal coal prices over last month

Unlike in WA where iron ore is the major commodity, in Queensland it’s coal that’s the big deal, and we should be thankful the Chinese ban on Aussie thermal coal doesn’t appear to have been that effective, as evidenced by … Continue reading

Posted in China, Mining | Tagged , , , , , , | Leave a comment

Where Queensland’s coal exports go

In my post last Tuesday, PM puts China’s Aussie thermal coal ban in perspective, I noted how China’s Aussie coal ban would be much more concerning if it also applied to coking coal, which is more valuable per tonne and … Continue reading

Posted in China, Mining | Tagged , , , , , , , , , , | 2 Comments

PM puts China’s Aussie thermal coal ban in perspective, but $100M+ annual loss to Qld state budget possible

Prime Minister Scott Morrison did a good job yesterday at putting China’s reported ban on Australian thermal coal into perspective, pointing out Japan is our largest customer for thermal coal, and it takes twice the amount of thermal coal as … Continue reading

Posted in China, Mining | Tagged , , , , , , , , | 4 Comments

Coal price crash is bad news for the state budget and future capital investment

Last Friday, John McCarthy at In Queensland reported Budget impacts loom as coal prices plunge to four year lows. Yes, recent falls in the coking coal price to around $US100/t for coking coal must be causing anxiety in Queensland Treasury, … Continue reading

Posted in Budget, China | Tagged , , , , , , , , , , | Leave a comment

Bold claim from Qld Treasurer: more Queenslanders working now than pre-COVID restrictions

Queensland Treasurer Cameron Dick has made a bold claim, which I disagree with, that more Queenslanders are working now than were working pre-COVID. The Treasurer’s claim is based on the October Labour Force data published by the ABS on Thursday, … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | Leave a comment