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



Top 8 best fish and chips shops in Gladstone

NO SHORTAGE of places but here are the best, according to locals.

Police to crack down after hoons take over Gladstone roads

IN HIS SIGHTS: Gladstone Police Constable Paul Norris is on the lookout for hoon drivers.

One officer booked 14 speeding motorists during his shift

Tourists, campers to flood Gladstone region: plan

"We're hoping to have that in place by the end of this year..."

Local Partners

Marilyn Manson wants a 'nice' girl

Marilyn Manson wants a girl who understands both of his identities

Angelina turns to Depp for consolation after divorce

Brad Pitt and Angelina Jolie with their six children

Angelina Jolie is reportedly being consoled by Johnny Depp

Rockhampton dancer en pointe for European stages

CENTRE STAGE: Anastasia Lewis has moved from Rockhampton to Sydney to study classical ballet.

Rocky dancer believes competitions are the perfect preparation

Conner's food distraction leads to elimination

Australian Survivor contestant Conner Bethune.

HUNGER gets to castaway as Australian Survivor's tribes merge.

Bonus point gets Dan and Carleen over the line on The Block

Dan and Carleen in their winning living and dining rooms in a scene from The Block.

BABY boomers win living and dining week as show hits halfway mark.

Olivia Wilde having a girl

Olivia Wilde revealed she is expecting a baby girl.

'Flex muscles': Gladstone suburb drops $120K

BUYERS are scooping unprecedented deals by “flexing their muscles at the table”

Few bright lights for property after mining downturn

The Gladstone Regional Council wants associated LNG companies like Bechtel to be apart of the EIS housing accommodation strategy from the outset of the projects and not mid-way through.

Tannum Sands continues to write its own property success story

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

Market opens as Gladstone sellers drop prices to force sale

VENDORS are dropping the price on houses to force a sale.

First stages of $25 million housing development underway

New development on Madsen Rd - The Springs.

The blocks of land are much bigger than usual