Wiggins Island Coal Export Terminal (WICET) has advised that construction of its eponymous coal terminal in Queensland at Wiggins Island has stalled owing to contraction in the construction market, with estimated timing for completion of Stage 1 of the terminal being revised from late 2014 to March 2015.

 

WICET has also sited the timing of various approvals and some project-related matters as a source of the delay, despite the project being more tha one third complete.

 

Bandanna Energy, which owns a 14 per cent stake the in the project, said  the delay came as a disappointment.

 

Managing Director  Mr  Michael  Gray observed that “while the announced delay to the expected completion of the port is disappointing, Bandanna would seek opportunities for earlier small scale exports from the Springsure Creek project using existing capacity at either the RG Tanna or Barney  Point Coal Terminals in Gladstone.”