The country is set to see strong revenue growth from thermal coal exports used in power plants.
Australia revised upwards its resources and energy export earnings for the current financial year to hit a record A$459 billion on Monday, as the war in Ukraine boosts prices of energy commodities.
The department had predicted an annual value of resources exports at A$450 billion, in its most recent September report. A weaker-than-expected Australian dollar exchange rate as well as high prices for thermal coal were the main factors behind the revision, it said. Ongoing strength in thermal coal prices are expected to see the biggest annual revenue growth at 65%, taking export value of the fossil fuel to A$76 billion from A$46 billion.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Contaminated Spinach Causes 'Marked Hallucinations' Among 9 People in AustraliaHealth authorities in Australia have said nine people in Sydney suffered 'toxic reactions' – including hallucinations – from a batch of spinach thought to contain an 'accidental contaminant'.
Leer más »
Watch The RHD-Converted 2023 Ford F-150 Being Tortured In Australia | CarscoopsThe Ford F-150 XLT and Lariat trims are heading Down Under in 2023, after they survived local testing in harsh conditions
Leer más »
Forward Power Pricing Drops in Australia in Response to Government ActionForward power pricing in Australia drops in response to government action demonstrating that the Feds got it right.
Leer más »
Solar Citizens Electric Ute RoadshowSolar Citizens will mount an electric ute roadshow travelling through the eastern states of Australia with an LDV et60.
Leer más »
Join the Christmas Bird Count and contribute to conservation researchThere are plenty of opportunities for birdwatchers to contribute to conservation science this December and January, says Layal Liverpool
Leer más »