MARKETS

WICET on track

STAGE one completion of the $A2 billion-plus Wiggins Island Coal Export Terminal in Queensland is...

Blair Price
WICET on track

The first stage completion provides 27 million tonnes per annum of throughput capacity for the new industry-funded terminal, while the site could potentially support 80Mtpa of capacity if fully expanded.

"For this stage we're sort of focused on the November completion,” WICET general manager Malcolm McPhan told the ABC.

“Beyond that, yes it'll be very interesting to see where it goes to."

The WICET consortium consists of Aquila Resources, Bandanna Energy, Caledon Resources (acquired by Guangdong Rising Asset Management in 2010), Cockatoo Coal, Northern Energy Corporation (acquired by New Hope in 2011) Wesfarmers Curragh, Yancoal Australia and Glencore Xstrata.

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