bullish?, page-11

PJ,

Gladstone is an established Port.

If you have a read from p.22 to 25 (link below) you will have a better understanding of the UNESCO report and the impact on port developments in Queensland.

Remember that what you read in the newspapers, see on TV and read on the internet is generally to get the reader interested and is highly subjective (at the moment subjectively negative). Was it really a damning report? I didn't think so. Ah, the power of media!

It is in black and white what UNESCO have said (you can verify it for yourself by clicking on the link below)

"Such an approach implies that the State Party should not permit any new port development or associated infrastructure outside of the existing and long-established major port areas within and adjoining the property, and also to ensure that development within major port areas is not permitted if it would impact individually or cumulatively on Outstanding Universal Value."

Is 3TL's proposed coal terminal outside an existing and long-established major port? Is the Port of Gladstone a minor port?

and

"The property does not currently meet the requirements for inscription on the List of World Heritage in Danger. However should some of the most threatening developments proceed further towards consent, it is recommended that the World Heritage Committee considers the possibility of listing the property as being in danger. The consent of such developments would directly risk irreversible impacts on the OUV of the property, and pre-empt an effective outcome of the Strategic Assessment and its envisioned plan for the long-term sustainable development of the reef. It is further recommended that the State Party undertakes regular evaluation of the OUV via its existing 5 yearly Great Barrier Reef Outlook Report cycle. It is recommended the second report, due in 2014, is presented to the World Heritage Committee when it becomes available, and includes an assessment of the long term prospects for the OUV of the property, threats to OUV, and the effectiveness of protection and management measures to address such threats....."

UNESCO Report, 1 June 2012