The Pike River Mine, currently under development, plans to export 1 million tonnes per annum of hard coking coal out of the Port of Greymouth, on the west coast of New Zealand’s South Island.
On Monday, Greyport Terminal Company – a joint venture between the Port of Westland and Port Taranaki – announced it would undertake the redevelopment of the Greymouth port and the operation of the terminal being established to ship 1Mtpa of Pike River coal to Port Taranaki for export.
Port Taranaki is underwriting the development costs at the Port of Greymouth – expected to be in the range of $15–18 million.
“The funding of Greyport Terminal is another step towards making Pike River New Zealand’s second largest coal exporter,” Pike River chief executive Gordon Ward said.
