Billion-dollar port details released

Port Waratah Coal Services has released details of a one billion dollar post-2010 expansion plan that would enable coal output from its Newcastle operation to be boosted by 40%.

Port Waratah Coal Services has released details of a one billion dollar post-2010 expansion plan that would enable coal output from its Newcastle operation to be boosted by 40%.

The plan is the next phase of PWCS’ long-term expansion strategy, which has already seen one billion dollars committed to its Kooragang Island site since 1999.

Subject to board approval and market demand underpinned by long term contracts, the long term expansion strategy would enable PWCS to complete the approved master plan covering Kooragang Island and lift coal exports to 140 million tonnes per year in a series of steps beyond 2010.

The post-2010 expansion plan includes installing new coal handling equipment, building a new vessel berth and undertaking necessary dredging work, creating 25% more on-site coal storage space and adding new rail lines.

PWCS is ahead of schedule with its current $458 million ‘ Project 3Exp’ expansion, launched last year and due for completion by 2010. This activity includes installing an additional coal-stacking stream, installing new coal reclaimers and conveyer belt upgrades.

“On average, PWCS has undertaken major expansion works every two and half years, and the plans for beyond 2010 are the next chapter of our long-term strategic approach to handling coal exports,” PWCS General Manager Graham Davidson said.

“This will create several more hundred construction jobs and help underpin the $5 billion a year Hunter coal industry.”

PWCS is the world’s largest coal loading operation. In 2007 PWCS loaded 84.8 million tonnes of coal onto export vessels.

It is on target to load more than 90 million tonnes this year.

PWCS

02 4907 2000

contact_us@pwcs.com.au

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