MARKETS

PWCS expands Kooragang

PORT Waratah Coal Services will spend $A670 million to expand its Kooragang Island terminal to ad...

Lou Caruana
PWCS expands Kooragang

The works, scheduled to be completed by the end of 2011, will include a new 330m coal loading berth, and associated dredging, the deconstruction of redundant stackers and new coal conveying equipment.

It will also include the extension of two key coal stockpiling pads, and the replacement of two coal stacking machines.

PWCS chairman Michael Harvey said the latest commitment – which brings the company’s expenditure on coal loading infrastructure over the past 12 years to more than $1.6 billion –

sets the scene for PWCS to honour Newcastle’s Long Term Contractual Framework arrangements, which came into effect on January 1.

“PWCS played a leading role with industry participants and the New South Wales

government seeing the Long Term Contractual Framework to fruition, and the onus is now

on us to keep building new terminal infrastructure as quickly and efficiently as possible,”

Harvey said.

“Given that PWCS has signed contracts with producers, we are in a far better position to

expand terminal infrastructure in a more accurate and timely manner.”

PWCS also announced a producer export allocation reduction of 1.7Mt to be

applied on a pro-rata basis, due to coal loading shortfalls over January.

PWCS loaded 8Mt in January, despite being scheduled to load 9.7Mt.

The company attributed the shortfall to internal factors such as equipment breakdowns and external factors including adverse weather, power supply failures and vessel delay issues.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production