Newcastle port expansion plans scrapped due to weak demand for coal

Green groups welcome decision as a sign of a larger trend away from fossil fuels towards renewableso Sign up to receive the top stories in Australia every day at noon Plans to expand a coal port in Newcastle, New South Wales, have been scrapped by the developer because demand for coal has not increased enough to support the project.Port Waratah Coal Services said on Thursday it would allow its lease for the T4 terminal to lapse when it expired next year because the capacity of existing terminals was likely to be sufficient for future growth in coal exports. Continue reading...