Coal Producer Whitehaven Secures Extra Port Capacity at Newcastle

Platts reported that Whitehaven Coal (ASX:WHC) will have additional capacity at Australia’s Newcastle terminal in 2015.

As quoted in the market news:

Whitehaven’s additional export allocation is linked to the building of a fourth coal terminal at Newcastle port for 100 million mt/year of exports. The new terminal’s construction will start when capacity of the current two PWCS terminals, Carrington and Kooragang, has been fully contracted.

Click here to read the full Platts report.