Insight
WICET creates opportunity for Glencore's Wandoan
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
We have assessed projects at the Wiggins Island Coal Export Terminal (WICET) in Queensland, given the potential opportunity to secure spare port capacity at a large discount to the existing terminal handling charge.
Table of contents
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Executive Summary
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WICET Overview
- Mines and projects forecast to supply coal to WICET Stage 1
- High port charges are crimping shippers' margins
- WICET capacity likely to be significantly under-utilised until 2023
- What will it take to fill up capacity at WICET?
- A strategic early start at Wandoan could result in an incentive price as low as US$63/tonne for Wandoan
- Development and marketing risks for Wandoan
- With potential M&A on the table, is an early start Glencore's best option?
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WICET Overview
Tables and charts
This report includes the following images and tables:
- WICET Stage 1 capacity entitlement (before and after administration of Bandanna Energy and Cockatoo Coal)
- WICET operating mines 2016 operating margin vs. remaining present value (1/1/17, NPV 10%)
- WICET stage 1 capacity and mine throughput: base case
- Incentive price comparison for WICET stage 1 projects and Wandoan
- WICET capacity and mine throughput: scenario of an early start at Wandoan
- Incentive price comparison for an early start scenario for Wandoan and leading Galilee projects
- WICET creates opportunity for Glencore's Wandoan: Image 1
What's included
This report contains:
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