The $5 billion-plus Terminal 4 coal export expansion planned for Newcastle has been scrapped after demand for the fossil fuel failed to increase as expected
The $5 billion-plus Terminal 4 coal export expansion planned for Newcastle has been scrapped after demand for the fossil fuel failed to increase as expected. Port Waratah Coal Services said on Thursday that it would allow a lease for the terminal – known as T4 – to lapse, signalling that the project would not go ahead. Port Waratah’s two terminals, Carrington and Kooragang, last year exported 105 million tonnes of coal out of a combined capacity of 145 million tonnes, the company said in a statement. Newcastle Coal Infrastructure Group, operator of the city’s third terminal, shipped about 60 million tonnes, helping make Newcastle one of the largest coal export centres in the world.
