Since Cyclone Debbie, prices for coking coal (which is used to make steel) have jumped again, with Platts this week estimating they had risen to $US241 a tonne.
In 2016-17, iron ore is expected to be the biggest earner, at $71.7bn, followed by coking coal at $36.6bn and then LNG at $23.7bn.
By the end of the forecast period, in 2021-22, iron ore will remain the leader, with exports (in 2016-17 dollars) of $59.1bn.
LNG, at $42.1bn, will have overtaken coking coal, at $23.6bn.
But if you add the $15.8bn of forecast 2021-22 thermal coal exports, coal overall remains the nation’s second-biggest export.
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