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The company had previously indicated that it expected to be in a position to make an announcement on the funding and financial position of the company to enable the suspension to be lifted by Friday 2 January 2015.
“The finalisation of arrangements to enable the announcement is continuing and the company now expects to be in a position to make an announcement by 27 January 2015,” Cockatoo said in a statement.
“The release of the announcement on the funding and financial position of the company is expected to end the voluntary suspension.”
Cockatoo, which last year completed an extension to its Baralaba mine, is one of the initial WICET consortium comprising Glencore, Bandanna Energy, Caledon Coal, Cockatoo, Aquila Resources, Yancoal, Wesfarmers and New Hope Coal.
The collapse of WICET member Bandanna, which unexpectedly entered voluntary administration last September, plus some disputes with project contractors has led to speculation that the terminal’s completion could be delayed.
