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Showing posts with label new coal export harbor. Show all posts
Showing posts with label new coal export harbor. Show all posts

Monday, October 24, 2011

Mayfield residents to discuss Tinkler new coal terminal

Monday, 24 Oct 2011

It is reported that Nathan Tinkler Hunter Ports group will not be shedding any light on its plans for a massive new coal terminal on Newcastle former BHP steelworks site at a community meeting in Mayfield this morning.

The group 'Correct Planning and Consultation for Mayfield has organised this morning's meeting to discuss the mining magnate proposal for the coal loader and terminal. It is concerned about how the operation will impact on Mayfield and surrounding suburbs, particularly if it is larger than the Port Waratah Coal Service operations.

Spokesman Mr John Hayes says the mining magnate declined an invitation to attend personally but agreed to send his Managing Director, Mr Steve Van Barneveld. He said that "We simply don't know what they're going to tell us, so we're very interested to hear."

A spokeswoman for the company says Mr Van Barneveld's attendance is only a meet and greet exercise and community consultation will not occur until definite plans are on the drawing board.

She says Mr Van Barneveld is not in a position to clarify the plans because they are still in the concept stage and an environmental assessment is not yet complete.

(sourced abc.net.au)

Sunday, February 13, 2011

South Africa Should Mull New Coal Port, McCloskey Says

Feb9, 2011
South Africa should study building a new coal-export harbor to meet surging demand from Asia or risk falling behind nations that are investing in transportation and output of the fuel, research company McCloskey Group said.

“South Africa is the natural supplier for India’s new demand,” Managing Director Gerard McCloskey said at the Mining Indaba conference in Cape Town today. Yet the nation is “humble in its aspirations” and infrastructure is underfunded, he said. Planned new rail lines in African countries may increase regional coal output, while Mozambique and Botswana are also looking to boost production, he said. While South Africa last year expanded capacity at Richards Bay Coal Terminal to an annual 91 million metric tons, state-run rail operator Transnet Ltd., which delivers most of the fuel to the facility, is only able to carry about 65 million tons.

The country last year shipped 62.86 million tons from the terminal, owned by producers including BHP Billiton Ltd. and Xstrata Plc. The terminal handles more than 90 percent of South Africa’s coal exports, while Asia overtook Europe as the country’s main overseas market for the product during the past two years. “The European market is fading but the Asian market is really booming,” McCloskey said. “One in three ships that goes out of Richards Bay now heads for India.” The government should consider appointing a coal “czar” to encourage development of the industry, he said. (source: Bloomberg)