New port capacity in Queensland could put pressure on Canadian met coal exporters

摘要

If current port expansion projects in Queensland, Australia are completed on schedule, Canadian and U.S. met coal and PCI exporters are certain to face increased competition on the international market, particularly in emerging markets like India and China, before the end of the decade. Listed below is the latest run-down of Australian port expansion projects in Queensland: ABBOT POINT: Throughput capacity at the Abbot Point Coal Terminal is currently 15 million tonnes/ year, which will be increased to 21 million tonnes/year by 2007. Long-range plans call for the terminal to eventually handle 50 million tonnes/year if the market should warrant it. The Abbot Point Coal Terminal is owned by the Ports Corporation of Queensland and it handles coal from the Newlands and Coliinsviile mines as well as Macarthur coal. The Queensland government announced it will construct a rail line between Goonyella and Newlands, which will give mines in the Northern Bowen Basin access to Abbot Point.