Newcastle T4 coal loader terminal expansion decision-time
Coal mining in NSW is in the news once again with the proposed T4 coal loader terminal supporters facing one more hurdle yesterday. A huge turnout was expected at the Planning Assessment Commission (PAC) hearing on the Newcastle port development, which is to be held over two days. There are a lot of opposition spokespeople expected to attend to voice their opinions on the future development.
Representatives from Port Waratah Coal Services (PWCS) boss Henny Du Plooy, who represent the coal industry, plus the opponents of the coal industry development plan will slog it out.
With a proposed development on Kooragang Island, the T4 Project was recommended for approval by the NSW†Planning Assessment Commission in late 2014. As with most coal mining projects, it takes time to get the processes to complete and only last month did the project get the ‘approval nod’ from the state planning department.
142 million tonnes of coal per year for Newcastle T4 coal loader terminal expansion
The current coal loading terminal has capacity to ‘on-board’ 142 million tonnes of coal per year. When/if the T4 terminal comes on-line,† the $5 billion investment could mean substantial increases of some 70 million tonnes per year.
At the height of the mining boom,†Port Waratah Coal Services moved a total of 112 million tonnes each year.
Newcastle coal exports still high despite current market conditions
A recent report showed NSW coal exports increased 5 per cent on the last financial year. The general consensus is this is due to a steady demand in the Asian regions.† Compared to the previous year Australian coal exports in general have taken a nose-dive to around a negative 38.2 per cent mark for the first five months of this year (2015).
1500 new jobs and 80 full-time jobs in NSW mining operations
The proposed Newcastle†Port Waratah Coal Services T4 construction project is expected to generate around 1500 new jobs during the construction phase with some 80 or so permanent operations jobs when fully operational.
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