Aussie coal exports surge<\/p>\n
SYDNEY (Reuter): The Australian coal industry could increase
\nexports by as much as 50 percent to A$12 billion a year with
\nworkplace reform, Leigh Clifford, energy chief executive for Rio
\nTinto Ltd, said yesterday.<\/p>\n
This might take Australia 10 or so years, but the opportunity
\nwas there with reform, Clifford said.<\/p>\n
Clifford, delivering a strong message for the need for reform
\nof work practices in the coal industry, held out the threat of
\nIndonesia as a major competitor in Asian markets.<\/p>\n
\"In five years or so, we will see Indonesia becoming the
\nworld's third largest coal exporter and the second largest
\nsupplier to the Asian market,\" Clifford said.<\/p>\n
Indonesian coal was cheap to produce, closer to customers and
\nthe market was becoming increasingly familiar with it, Clifford
\nsaid.<\/p>\n
Clifford's message, delivered at an international coal
\nconference in Sydney, came as Rio Tinto's 71 percent-owned Coal
\nand Allied Industries Ltd faces a stand-off with unionized miners
\nat its Hunter Valley No 1 mine.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/aussie-coal-exports-surge-1447893297",
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"sponsor": "Okusi Associates",
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