Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
October 4, 2011

Bandanna Energy to start coal export terminal construction at Gladstone

Bandanna Energy is planning to start the construction of the first stage of the Wiggins Island coal export terminal (WICET) at Gladstone, Australia, following completion of its financing package and tenure arrangements.

Bandanna Energy is planning to start the construction of the first stage of the Wiggins Island coal export terminal (WICET) at Gladstone, Australia, following completion of its financing package and tenure arrangements.

The new WICET will have a capacity of 27 million tons per annum, of which, 14% will be allocated to Bandanna Energy.

The financial close and finalisation of tenure arrangements for WICET construction represents major step in the provision of a fully-integrated supply chain solution for Bandanna Energy’s Golden Triangle projects.

First coal is expected to be exported through WICET in mid 2014.

Bandanna Energy’s managing director Ray Shaw said that the firm is well positioned to fund the infrastructure commitments and definitive bankable feasibility studies in order to progress key projects through bankable feasibility stages during 2012.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU