Newspaper article The Daily Mercury (Mackay, Australia)

Coal Port's Bumper Year; Dalrymple Bay Smashes Its Records

Newspaper article The Daily Mercury (Mackay, Australia)

Coal Port's Bumper Year; Dalrymple Bay Smashes Its Records

Article excerpt

Owen Jacques

APN NEWSDESK

news@dailymercury.com.au

COAL prices might be on the floor but the world's largest coal port -- Dalrymple Bay Coal Terminal (DBCT) -- is going gang-busters, reporting a record-breaking 2013.

Miners in the Bowen Basin have been pushing to dig up and dispatch more coal from each mine, a campaign known in the industry as "sweating the assets".

Although low prices for energy and steel-making coal are still biting, companies are keen to export as much coal as possible because whether they move one tonne or 10million, their take-or-pay contracts mean they pay the same.

Dalrymple Bay moved more than 65million tonnes from January to December, eclipsing the 63million mark for the first time since mid-2010.

DBCT exports coal on behalf of BHP Billiton, Rio Tinto, Glencore, Vale, Anglo American and Isaac Plains.

Together, these companies own 18 mines in Central Queensland.

Despite smashing its export ceiling, DBCT is prepared for more -- it is built to handle 85million tonnes of coal a year, or 20million beyond the rate of 2013. …

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