Wednesday, 05 Oct 2011
It is reported that a consortium planning a new coal terminal in Gladstone says the facility should start exporting coal by 2014.
Eight coal companies are behind a group to develop the Wiggins Island coal terminal.
Mr Mark West Project director said confirmation of finance will allow construction to start almost immediately. He said that "The first stage that has just been committed is for 27 million tonnes of coal and ultimately the terminal could expand to more than 80 million tonnes."
He added that "There's global demand for good quality competitively priced thermal and metallurgical coal through facilities such as Wiggins, it will be providing coal companies with export terminal capacity to meet the demand.”
He also said "There are eight stage one owners here and they all have either brown field or green field developments to support the project and they also invest in upgrade of the rail facilities to bring that volume of coal to Gladstone. There's very large demand. This recognises the global interests for good quality metallurgical coals from Queensland."
(sourced from ABC.net)
It is reported that a consortium planning a new coal terminal in Gladstone says the facility should start exporting coal by 2014.
Eight coal companies are behind a group to develop the Wiggins Island coal terminal.
Mr Mark West Project director said confirmation of finance will allow construction to start almost immediately. He said that "The first stage that has just been committed is for 27 million tonnes of coal and ultimately the terminal could expand to more than 80 million tonnes."
He added that "There's global demand for good quality competitively priced thermal and metallurgical coal through facilities such as Wiggins, it will be providing coal companies with export terminal capacity to meet the demand.”
He also said "There are eight stage one owners here and they all have either brown field or green field developments to support the project and they also invest in upgrade of the rail facilities to bring that volume of coal to Gladstone. There's very large demand. This recognises the global interests for good quality metallurgical coals from Queensland."
(sourced from ABC.net)
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