I guess no one wants to use wicet because the costs are too...

I guess no one wants to use wicet because the costs are too high. Adani and his shady but very powerful supporters would prefer (fully supported and subsidized by the qld gov/tax payers) to build a new big port on our reef and leave the big white elephant that is the wicet port under utilized and at risk of crashing into the sea under a pile of debt dragging all the companies that foolishly (in hindsight) with it.

B.t.w. Good to see you posting here again, Asterioider. You definitely called this for what it was.


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Per tonne of export capacity, this $3.27bn equates to A$121/t, almost three times the A$44/t port cost that the Adani Group valued the A$2.2bn, 50Mtpa Abbot Point Coal Export Terminal (T1) in Mar’2013. The likely operating cost including financing is therefore likely to be up to twice the Australian coal industry average of A$5-6/t.