TERMINALS KEEP PACE
AUSTRALIA’S sharp rise in coal sales overseas will be facilitated by a substantial increase in local infrastructure development.
ABARE says that, in the Hunter Valley, an 11 million tonne expansion in the capacity of Kooragang Island coal terminal, due for completion next year, will be followed by a two-stage, 66Mt development of the region’s third coal terminal as well as an increase in rail capacity.
Meanwhile in Queensland the Gladstone coal terminal’s increase in capacity from 40 million tonnes to 68Mt is due for completion this year.
A further expansion at the port under consideration would raise export capacity by another 25Mt.
Five new coal mines have been commissioned or are under construction to serve this ramp up in exports.
In the medium term, adds ABARE, four new mines in NSW and four in Queensland are in the planning stages.