Newcastle Coal Export Capacity To Increase To 180 Million Tons/Year By 2013

Capacity at the world's largest coal export port will increase to 180 million tons a year by 2013, a group leading the upgrade of terminal facilities at the Australian port of Newcastle said Tuesday.

Construction will begin on the second stage of a third export terminal at the port in New South Wales state, the Newcastle Coal Infrastructure Group said in a statement.

The stage will boost capacity at the terminal to 53 million tons a year, allowing for the expansion to 180 million tons for the entire port.

Financing for the A$900 million construction project has been agreed, it said.

NCIG is a consortium of miners including BHP Billiton Ltd. (BHP.AU) Peabody Energy Corp. (BTU) Centennial Coal Co. Ltd. (CEY.AU), Whitehaven Coal Ltd. (WHC.AU), Yanzhou Coal Mining Co. Ltd. (YZC) subsidiary Yancoal and Noble Group Ltd. (N21.SG) subsidiary Donaldson Coal.

-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com

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