Newcastle: world’s biggest coal export port announces shift away from coal

Glencore sells sell Australia coal rail unit for $874 million

Set up in 2010, GRail currently hauls around 40 million tonnes a year of Glencore’s coal production in the region to the Port of Newcastle. (Image: David Sheppard | Twitter)

Newcastle, the world’s largest coal export port, must “urgently” diversify its traffic, the port’s incoming chairman has said, warning that the “long-term outlook for coal is a threat to the port”.