Wiggins Island Coal Export Terminal Pty Ltd

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".

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

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

The WICET consortium currently includes:


 * Argos (Qld) Pty Ltd: Aquila Resources
 * Bandanna Energy Limited
 * Belvedere Coal Management Pty Ltd
 * BHP Coal Pty Limited
 * BM Alliance Coal Operations Pty Ltd
 * Caledon Coal Pty Limited
 * Cockatoo Coal Pty Limited
 * Jellinbah Resources Pty Ltd
 * Macarthur Coal Limited
 * QCoal Pty Ltd
 * Rio Tinto Australia Coal Pty Ltd
 * Syntech Resources Pty Ltd
 * Wesfarmers Curragh Pty Limited
 * Yancoal
 * Xstrata Coal Queensland Pty Ltd

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.

Related SourceWatch articles

 * Australia and coal
 * Australian Coal Association
 * Queensland and coal

External resources

 * "Abbot Point", North Queensland Bulk Ports Corporation website