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Mining of Coal and Lignite; Extraction of Peat in Australia: ISIC 10

Australia coal mining market increased by 19% annually during 2000 to 2010

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2014-02-07 05:03:03 - Mining of Coal and Lignite; Extraction of Peat in Australia: ISIC 10 - a new market research report on

The Australian industry of mining of coal and lignite and extraction of peat experienced 19% annual growth over 2000-2010. The surging global demand for coal was a major force leading to the industry´s growth.

The Australian coal, lignite and peat market grew by a net 178% over the decade, equivalent to 15% average annual growth, reaching A$8.6 billion in 2010. The market was highly volatile, experiencing the highest year-on-year growth of 92% in 2008 as coal prices surged around the world. In 2009 the market decreased 32% year-on-year as the global economic downturn and reduced industrial demand were accompanied by a sharp decrease in coal prices.

Businesses are undoubtedly the largest buyers of coal, lignite and peat, accounting for 99% of the



total market value on average. The main business customers are power companies, electricity-generating stations, iron and steel mill operators.

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