WA Government to sell Bulk Hedland and Kwinana Port Assets

Bulk Port Operations

WA Government to sell Bulk Hedland and Kwinana Port Assets

The State Government of Western Australia has announced a first round of government asset sales, including the Utah Point Bulk Handling Facility at Port Hedland as well as the Kwinana Bulk Terminal. Also part of this first round is the Perth Market Authority.
(ed. WoMaMarcel - 09/10/2014)
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BHP Billiton was among the companies that contributed to the development of Utah Point.

Perth (WA), Australia – Announcing the first three projects listed for disposal, Premier Colin Barnett said the State’s priority was to reduce debt and regain the triple-A credit rating. “These are the first assets we will open up to the market.  They have been identified as priority assets for sale,” Mr Barnett said. “The three assets are expected to generate between USD 1 and 2 billion.”

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 approx. USD 80 million in revenue, with USD 40 million in expenditure.

“The port assets are likely to be sold as a long-term lease,” Mr Barnett said. 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 t, in 2012-13, total revenue was approx. USD 55 million, with total operating costs of approx. 32 million.

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