Queensland coal mining costs remain high despite falling prices
Queensland coal producers are struggling to rein in costs, which remain above pre-2022 levels as the impact of royalty hikes and margin pressures continues to weigh on the sector.
| Countries | Australie |
|---|---|
| Sector | Charbon |
| Theme | Marchés & Finance, Analyse sectorielle |
Production costs for coal mining companies in Queensland remain elevated two years after the local government implemented a royalty increase. Data from S&P Global Market Intelligence shows a significant rise in total free-on-board (FOB) cash costs for coal producers, climbing from $105.61 per wet metric tonne in 2021 to $138.38 in 2023. This situation has led to job cuts and site closures, including at BHP Group Ltd., Anglo American PLC and QCoal Pty Ltd.
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