https://www.engineeringnews.co.za

BHP Billiton dumps plans for $5bn coal terminal at Abbot Point

4th November 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Diversified miner BHP Billiton on Monday confirmed its earlier decision to withdraw from a coal export terminal development at Abbot Point, in Queensland.

A spokesperson for the miner told Mining Weekly Online that BHP had reached a formal agreement with the North Queensland Bulk Ports in October, to formally withdraw from the regulatory applications to develop the $5-billion terminal two (T2) development.

In August last year, BHP halted work on all its Queensland growth projects, apart from those in execution, owing to the decline in coal prices and the overall economic conditions.

This included work on the T2 development at Abbot Point and on the 250 km rail corridor from Goonyella, where BHP has several coal operations, to Abbot Point.

This decision also saw BHP halt environmental work on both the Saraji East and Red Hill greenfield operations.

However, the company spokesperson pointed out that the miner was continuing to progress with its growth projects under construction, including the $1.8-billion Caval Ridge mine and the $1.5-billion expansion of the Hay Point port.

“This expansion of the coal terminal ensures that sufficient capacity is available to meet our shipping needs,” the spokesperson said.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Roytec Global (Pty) Ltd
Roytec Global (Pty) Ltd

Roytec Global is an international company specializing in liquid / solid and mineral separation technologies for the Mining and Industrial sectors.

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.045 0.735s - 140pq - 2rq
Subscribe Now