An expansion of the Port of Newcastle in New South Wales, the world’s largest coal export facility, will not go ahead. Port Waratah Coal Services (PWCS) has decided against proceeding with the expansion, which would involve the development of Terminal 4. The decision comes despite strong market conditions for Hunter Valley coal, with exports from Newcastle nearing record levels and prices above $US100/t. PWCS expects incremental growth in 2018 on the 105Mt exported from its terminals last year.
Read more: https://www.australianmining.com.au/news/port-newcastle-coal-expansion-scrapped/
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