Business

Talks on Tinkler's $2.5 billion port plan

January 13, 2012
Mining magnate Nathan Tinkler.

Nathan Tinkler. Photo: Jonathan Carroll

THE New South Wales government will meet early next week to consider a proposal from coal entrepreneur Nathan Tinkler to build a privately owned coal loader at Newcastle.

Mr Tinkler's Hunter Ports is seeking approval to build a 100 million-tonne facility - costing about $2.5 billion - which puts it at odds with a rival expansion plan of Port Waratah Coal Services for a further export terminal.

The two projects are intended to lift coal export capacity to 205 million tonnes a year, with plans for the further 100 million-tonne expansion from about 2015.