More export capacity slated for...

More export capacity slated for Gladstone

http://www.miningweekly.com/article/more-export-capacity-slated-for-gladstone-2012-03-08
8th March 2012

PERTH (miningweekly.com) - Further potential export capacity has been added to Queensland’s booming coal industry after unlisted Tenement to Terminal (3TL) submitted its initial advice statement to the state government, regarding a possible 50-million-ton-a-year terminal at the Port of Gladstone.

3TL was expecting to make a final investment decision on the terminal by December 2014, leading to the construction of the first stage of the terminal, which would handle some 25-million tons a year.

Commissioning of the first stage was planned for the first quarter of 2017.

Coal hopeful MetroCoal, which was hoping for some 11.5-million-tons-a-year allocation at the new port, said that the terminal development fitted well with its own timetable and would supply the company with the necessary export capacity.

CEO Mike O’Brien said that the lodgement of the initial advice statement was a significant step forward for the economic viability of MetroCoal’s Surat basin project areas, which would be enhanced through the construction of planned rail and port infrastructure.

MetroCoal has also applied for capacity of 12-million tons at the proposed Wiggins Island Coal Export Terminal development project.