Tag: Port Waratah Coal Services

Port Waratah Coal Services: Link in the Chain

Port Waratah Coal Services: Link in the Chain

Images: Port Waratah Coal Services. BY ELIZABETH FABRI PORT Waratah Coal Services exports declined marginally in the 2017 calendar year, however there have been other issues under spotlight; a big question mark over the future of its long-running Carrington operation – and more recently – scrapped plans for its Terminal 4 project. In November, Port Waratah Coal Services (PWCS) was blindsided by a NSW Department of Planning draft report which stated it would explore options to move its Carrington coal terminal to another location. Carrington and Kooragang are PWCS’s bread and butter, and two of the three coal terminals that make up the Port of Newcastle (the third being operated by Newcastle Coal Infrastructure Group). PWCS – the...

Yancoal to purchase Rio Coal & Allied

Yancoal to purchase Rio Coal & Allied

Mount Thorley Warkworth in the Hunter Valley was one of the mines that would be sold. Image: Rio Tinto. By Elizabeth Fabri CHINESE–owned Yancoal Australia has entered a binding agreement with Rio Tinto to purchase its wholly-owned subsidiary Coal & Allied Industries for $US2.45 billion. Subject to regulatory Government and shareholder approvals, the deal would see Yancoal acquire a 100 per cent interest in Coal & Allied through an initial $US1.95bn cash payment at completion; $500 million in aggregate deferred cash payments; and coal price linked royalty. Coal & Allied owned and operated multiple, multi-seam open cut mines in the Hunter Valley, with a 67.6 per cent interest in the Hunter Valley Operations mining complex (HVO); 80 per cent interest...

Approval in sight for Terminal 4 project

Approval in sight for Terminal 4 project

By Rachel Dally-Watkins 15 May, 2015 PLANS to build a fourth coal terminal at the Port of Newcastle have progressed with the Department of Planning and Environment (DPE) recommending the project for approval and referring the application to the Planning Assessment Commission for a final decision. Port Waratah Coal Services, which owns and operates the port’s Kooragang and Carrington terminals, has been working with government, rail providers and coal producers to increase capacity at the port through the Terminal 4 project. The original master plan allowed for a capability of 120 million tonnes per annum throughput; however since the plan was lodged...