Wiggins Island Coal Export Terminal Pty Ltd

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Wiggins Island Coal Export Terminal Pty Ltd is a consortium of 16 coal companies which is proposing the development of the Wiggins Island Coal Terminal at the port of Gladstone. At the end of September the consortium announced that eight coal companies had made commitments to export 27 million tonnes of coal which would be sufficient to enable the funding of the first stage of the terminal. The consortium stated that it expected that financing the proposal would be completed early in 2011 and shipments commence in 2014. The company has appointed ANZ as "financial adviser to assist in securing the funding for Stage One".[1]

The consortium has stated that the terminal, when "fully commissioned", would export 80 million tonnes of coal a year.[2]

Consortium members

As of November 2010, the members of the consortium comprised:

The WICET consortium currently includes:[3]

Of these, Aquila Resources, Bandanna Energy, Caledon Resources, Cockatoo Coal, Northern Energy Corporation, Wesfarmers Curragh, Yancoal and Xstrata Coal have committed to participation in stage one of the project.[1]

Articles and resources

References

  1. 1.0 1.1 "Wiggins Island Coal Export Terminal achieves major milestone", Media Release, September 30, 2010.
  2. Wiggins Island Coal Export Terminal Pty Ltd, "About WICET", Wiggins Island Coal Export Terminal website, accessed November 2010.
  3. Wiggins Island Coal Export Terminal Pty Ltd, "About Us", Wiggins Island Coal Export Terminal website, accessed November 2010.

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External resources

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