WA puts port handling facilities on chopping block
PERTH (miningweekly.com) – Two of Western Australia’s port handling facilities have been targeted in the state government’s first round of asset sales to reduce its debt levels and regain its AAA credit rating.
State Premier Colin Barnett said on Thursday that port handling facilities in Port Hedland and Kwinana would go on the chopping block, along with marketer and distributor Market City, in Canning Vale.
Barnett said that the assets were expected to generate between A$1-billion and A$2-billion.
“These are the first assets we will open up to the market. They have been identified as priority assets for sale,” Barnett said.
He pointed out that the sale process would balance risk and return and would assess how the assets could be managed, while providing benefits to stakeholders and the Western Australian community.
“These assets are better placed in the private sector. They are likely to be better run by the private sector,” he said.
Port Hedland’s Utah Point bulk handling facility is one of four berths owned by the Pilbara Ports Authority. It includes a shiploader, two stockyard product storage facilities and supporting infrastructure. In 2012/13, it earned A$86.5-million in revenue, with A$44.1-million in expenditure.
Owned and operated by the Fremantle Port Authority, the Kwinana Bulk Terminal exports and imports bulk products including coal, iron-ore, liquefied petroleum gas, cement clinker, gypsum, nut coke and slag.
With a total throughput of 5.2-million tonnes, 2012/13 total revenue was A$61.6-million, with total operating costs of A$36-million.
“The port assets are likely to be sold as a long-term lease,” Barnett said.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...
VISIT SHOWROOM
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
