bank stress testing

The WICET bank consortium lending money for the WICKET Stage 1 development is doing stress testing on the user group.

There is concern some of the participant won't survive long enough to start paying the 'Take or Pay' commitments come 2015.

Bank are worried they will be left holding the baby. A bit like the revenue situation with the Brisbane tunnels.

Banks will be hoping they do survive, or at least that coal markets pick up enough that there is some demand for the port capacity.

Stage 1 participants are;

Aquila
Bandanna
Caledon
Cockatoo
Northern Energy
Curragh
Yancoal
Xstrata

The first four will be looked at closely.