Europe Can’t Rely on Key Exporter Australia for Coal, Miner Says
- Most supply is tied up in existing contracts: New Hope CEO
- Market seeing strong demand and output remains constrained
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Producers of power-station coal in Australia, the second-biggest exporter, have only limited capacity to send cargoes to Europe to help replace Russian fuel, according to a Brisbane-based miner.
New Hope Corp., which operates the 10 million tons a year Bengalla mine on Australia’s east coast, has held talks with prospective customers in Europe and with local government officials, who’ve urged domestic suppliers to assist.