Australia's Queensland Offers 5 Areas For Coal Exploration As Asian Demand Set To Rise: Sources

The government in Queensland, Australia has released a tender for coal exploration in five new areas in Bowen Basin, which could potentially add more thermal coal volume to meet Asian coal demand in the future, market sources said Wednesday.

This is part of the plan that could potentially bring in revenue for the government in the coal-rich province, market sources added.

The five areas, totaling 458 sq km, are located in Moranbah, Blackwater and south-east of Emerald in Bowen Basin, which already have access to rail and port infrastructure.

Aside from Moranbah, which could potentially produce coking coal, the four other areas are likely to be explored for thermal coal reserves, according to the tender document on the government website.