Newcastle port to see coal terminal expansion

Perth: Newcastle Coal Infrastructure Group, which is partly owned by BHP Billiton Ltd, has completed financing for a A$900 million (US$824 million) expansion of a terminal at the port in Australia's New South Wales state, writes Sandandgravel.

Export capacity will rise to 53 million tonnes a year from 30 million tonnes now, the group, known as NCIG, said in a statement today. Construction will take place over the next two years. The terminal has planning approval to handle 66 million tons of coal annually. [11/08/10]