PORT Waratah Coal Services has extended its lease for the Carrington Terminal at the Port of Newcastle from 2024 to the end of 2031.

The company said the decision to continue operations at Carrington aligns with its expectations of coal industry demand, particularly from South East Asia, where it said demand for high-quality Hunter Valley Coal remains strong.

Port Waratah Coal Services CEO Hennie du Plooy, said the Carrington Terminal remained a key element of Port Waratah’s operations.

“It is critical to being able to meet our customers’ needs for terminal capacity and service flexibility now and into the future,” Mr du Plooy said.

“Our expectation of the future demand for terminal services is also consistent with the NSW Government’s policy position, Strategic Statement on Coal Exploration and Mining in NSW, which recognises that coal exports have an important role to play in NSW while there is strong global demand for the product.”

In 2020 Port Waratah Coal Services received, stockpiled, blended and loaded 105.9 million tonnes of coal onto 1192 vessels for export at its two Newcastle terminals.