Point Torment Port Development
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Point Torment Port Development was proposed at Point Torment in the Kimberley, Australia.
The proposed port development project was touted as a major port to facilitate an expansion of mining, including coal from the Canning Basin in the Kimberley, and considered an alternative to the the Derby Barge Facility.
Location
The undated satellite photo below shows the proposed location for the port, approximately 175 kilometres to the north of the Derby Export Facility.
Project Details
- Operator: Rey Resources
- Location: Point Torment, Western Australia
- Annual Coal Capacity (Tonnes): 2.5 million
- Status: Cancelled
- Projected in service:
- Type: Exports
- Proposed coal sources: Duchess Paradise Coal Project in the Canning Basin in the Kimberley, Australia
- Cost:
- Financing:
Rey Resources interest
Rey Resources, a small exploration company, has touted the potential development of the Duchess Paradise Coal Project in the Canning Basin in the Kimberley. The Duchess Paradise Coal Project would be the first coal mine in the Kimberley region. Rey has proposed the initial development of a mine to export 2.5 million tonnes of coal a year via the existing but mothballed Derby Export Facility. However, exporting coal through the Derby Export Facility would require coal being transported by truck, loaded onto barges which would be towed 12 nautical miles to an existing vessel mooring point in King Sound. Rey has flagged that the only possible deepwater alternative would be the proposed Point Torment Port Development, approximately 175 kilometres to the north of the Derby Export Facility.[1]
In 2016 it was reported that Rey Resources had applied for a license to build its Duchess Paradise Project coal mine 200 kilometres south-east of Derby near the Fitzroy River. The Environmental Protection Authority has determined that the Duchess Paradise Project shall be assessed at the level of Public Environmental Review. The project has been challenged on the grounds that the Fitzroy River forms part of one of the largest networks of unregulated tropical rivers in the world and has unique cultural and wilderness values.[2]
In September 2016, the EPA of the Government of Western Australia in agreement with Rey Resources, has terminated its assessment of the Duchess Paradise Project, a coal mine and transport proposal located in Canning Basin area in the West Kimberley.[3]
In July 2018, Rey Resources said that it agreed to sell the Duchess Paradise thermal coal project in Western Australia, through the sale of its subsidiary Blackfin Pty. Ltd., to Yuanrun Investment Ltd. for A$24 million. Under the deal, Rey Resources will receive an initial A$2 million payment, with the remaining A$22 million structured as a loan, convertible into shares of a future listed company holding the Duchess Paradise Project. The agreement also envisages the listing and the construction of a coal mine within a three-year period, extendable by up to a further 24 months.[4]
Articles and resources
References
- ↑ Rey Resources, "Canning Basin Overview", Rey Resources website, accessed December 2010.
- ↑ Renewsletter Vol. 22, No. 2, Environmental Defender's Office WA, Jan 10, 2017
- ↑ "Duchess Paradise Project", the EPA of the Government of Western Australia, September 2, 2016.
- ↑ "Rey Resources to sell Duchess Paradise thermal coal project for A$24M", SP Global, July 29, 2018.
