Business

WICET will go ahead, industry partners say

FULL STEAM AHEAD: Cockatoo Coal’s Andrew Lawson says there is no reason the WICET project will not go ahead, with its strong backing and almost near completion.
FULL STEAM AHEAD: Cockatoo Coal’s Andrew Lawson says there is no reason the WICET project will not go ahead, with its strong backing and almost near completion. Murray Ware

RECENT reports that Queensland's newest coal port is in trouble are "nonsense", with three speakers confirming on Wednesday that it would go ahead.

The WICET project is so close to completion that the workforce on Gladstone's new coal terminal will halve before Christmas, with construction sitting at 96%.

Presenters from Cockatoo Coal, Wiggins Island Coal Export Terminal and Aurizon, at day one of Wednesday's Gladstone Engineering Alliance Major Industry Conference, gave their assurances that despite the collapse of one of the eight owners, Bandanna Energy, the $2.6 billion WICET project was on track to start exporting coal in November.

Cockatoo Coal managing director Andrew Lawson said from a shareholder point of view, as Cockatoo was one of the eight companies involved, it had big shareholders behind it that had guaranteed the project.

"WICET will service its debt at much lower tonnage levels throughput than it currently is forecasting," he said.

"The port is virtually built. It's going to go ahead. WICET's going to happen."

WICET general manager, project delivery, Malcom McPhann told the conference the terminal would be ready for commercial operation in the first quarter of 2015.

"A gradual decline in construction workforce numbers will take effect from now until December," he said.

"We're running at 900 (workers). By Christmas it will be 250 and early next year a skeleton staff will prepare to hand over."

WICET COMING ONLINE:

  • Commercial operation in early 2015
  • Terminal throughput will increase in line with demand
  • GPC will operate the terminal on behalf of WICET's owners
  • A joint WICET/GPC operational readiness group is in place
  • A gradual decline in construction workforce numbers will take effect from now until December, moving from 900 workers to 250

Topics:  coal, gea, gladstone business, resources, wicet




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

'All I heard when my baby cried was ‘you’re a terrible mum'

APN Hey Mummy Feature for online - stock images of Katie Dykes. Photo Marc Stapelberg / The Northern Star

KATIE'S battle with PND is not unlike many mothers.

'I just thought all mums got no sleep'

MELTOPIA battled PND with all four of her children.

4 survival tips for mummas heading back to work

The few reminders every working mum needs to read.

Health and nutrition with kids - how do you balance it?

HOW important is health and nutrition in your household?

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Technology and kids: Do you ever cut their wi-fi?

Check out our new video series featuring mums having a chat

72 hours of things to do

Tim Newland, Gladstone Fishing Network Facebook page admin.

72 hours of things to do

Last minute bid for attention on gay marriage, abortion

Janne Peterson, president of Cherish Life Gladstone has made public callouts to Flynn candidates asking for their stances on abortion. Photo Mike Richards / The Observer

Their using ads and letters to show their views

60 years of love to celebrate for Finnish couple: photos, video

Leila and Pertti 'Peter' Kouivunen celebrated their 60th wedding anniversary this month.

A Gladstone couple celebrate their long love - 60 years worth.

Latest deals and offers

60th wedding anniversary

Leila and Pertti 'Peter' Kouivunen celebrated their 60th wedding anniversary this month.

Leila Koivunen has just celebrated her 60th wedding anniversary with husband...

Zac Beers on MEdicare

Labor held a rally on Dawson Hwy about more cuts to Medicare.

Clive Palmer to re-open refinery

Clive Palmer on ABC radio.

Clive Palmer talks about his achievements, election chances and re-opening the...

Burnett Heads housing development approved

COUNCIL APPROVED: A Burnett Heads housing development has been approved by Bundaberg Regional Council. Photo Contributed

Councillors approved the development seven votes to four

Three bedroom, 1100sqm block: Is this Qld's cheapest home?

BARGAIN BUY: Is this North Bundaberg property the cheapest home in Queensland?

Becoming a real estate mogul is all about risk and reward