New $5 billion Port of Newcastle T4 coal terminal† to create 1500 jobs
The Port of Newcastle will soon see a new $5 billion coal loading terminal built as recommendations are submitted for approval.
The fourth coal export terminal in Newcastle,†to be†known as T4, will expand coal loading capacity by another 70 million tonnes each year.
The Newcastle T4 coal terminal which is to be built by Port Waratah Coal Services, will come in at around $4.8 billion. The construction phase is expected to generate 1,500 construction jobs and about 80 full-time positions.
Mining jobs in the state have suffered over the course of this financial year as mining companies reassess their operating costs in order to compete in a global market. Record production volumes have been achieved lately at the Port of Newcastle and the 4th terminal will only increase the opportunity for further increases.
“growth of NSW mining operations”
New coal mines in NSW, such as Whitehaven Coal`s Maules Creek mine, will serve to re-emphasise the need for a 4th coal terminal to complete the growth of NSW mining operations.
There’s been a lot of controversy about how the current terminals can handle coal output from the mines in the Hunter Valley, however, with coal production rising, it’s more than likely there will be a need for an additional coal terminal in the near future.