A new report by GeoscienceAus has confirmed that Australia remained a significant source of energy resources, including for LNG, gas, coal and uranium mining energy energysecurity
PERTH – Geoscience Australia’s updated Australia’s Energy Commodity Resources assessment for 2022, has reaffirmed Australia’s position as a leading global energy producer and supplier going into the current world energy crisis, and highlights the impact the pandemic had on global production and demand for energy commodities.
As at December 2020, Australia’s total recoverable identified resources of black coal were estimated at 163 330-million tonnes, of which recoverable EDR were 74 147-million tonnes, and Australia is ranked fourth, globally, for economically demonstrated black coal resources after the US, China and India.
Australian supply of uranium has declined moderately over the past ten years, mainly owing to the closure of two mines in 2014 and 2015. In the short to medium term, owing to the closure of the Ranger mine in January 2021, Australian yearly production of uranium will decrease by approximately 20%. “Our unique geology is also being used to tap into emerging opportunities and help decarbonise our economy.
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