The federal Resources Minister lashed Queensland for holding up a new coal mine and said Adani could help European buyers exposed by the Ukraine invasion. auspol
Examining opportunities“We are continuing to work with the relevant Queensland government departments to progress our applications to permit the Stage 3 expansion of the New Acland operations and enable resumption of supply and significant local employment,” said New Hope chief executive Rob Bishop.“New Hope Group’s coals are in high demand in existing markets, however, we are examining the opportunities to supply European markets to help ensure their energy security,” he said.
One major Australian coal exporter, which declined to be named, said the most likely salvation for nations such as Poland would be if existing customers for Australian coal agreed to forgo their scheduled deliveries and onsold that coal to Europe.Sources suggest Indian buyers of Australian coal were considering such moves, given they would struggle to pass on the current high cost of coal to their customers in the form of high power or steel prices.
Mr Morawiecki last week urged Europe to stop coal imports from Russia and spoke to Mr Morrison “about coal supplies that will meet most of Poland’s needs”. “They haven’t secured the energy supplies their nation needs from reliable, reputable suppliers, and now find themselves in a difficult position.Mr Pitt said the best thing that could happen was that Russia withdrew from Ukraine.
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